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What is a divisional structure? List the three categories and provide an example of each.
Raw Materials
Basic substances in their natural, modified, or semi-processed state, used as inputs for production.
Master Budget
A comprehensive financial plan that includes all of the smaller specialized budgets within an organization for a specific period, guiding financial planning and performance benchmarks.
Cash Disbursements
The total amount of money paid out by a business for all its expenses and investments during a specific period.
Selling Expense
Costs incurred directly from the selling of goods or services, such as sales commissions and advertising expenses.
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