When a Manager Is Told to Maximize the Revenues from the Sales

question 80

Multiple Choice

When a manager is told to maximize the revenues from the sales of goods and services produced,this is an example of a(n) _____________ budget approach.

• A) profit
• B) revenue
• C) expense
• D) cash flow
• E) capital

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Definitions:

Academics

The broad domain concerned with the study, teaching, and research in disciplines of higher education, including but not limited to science, humanities, and social sciences.

Multifaceted Approach

A strategy that involves considering multiple perspectives and employing several methods to address a problem or situation.

Flexible Approach

An adaptable and responsive strategy in business, personal planning, or problem solving that allows for modifications based on changing conditions.

Managerial Thinking

The cognitive process involved in planning, decision making, and problem solving within a management context.