The Schedule of Expected Cash Receipts and Disbursements That Predicts

question 3

Multiple Choice

The schedule of expected cash receipts and disbursements that predicts the effects on the cash position at the given level of operations is ________.

• A)cash budget
• B)flexible budget
• C)operating budget
• D)unexpected budget
• E)administrative budget

---

Definitions:

Actual Performance

The real, observed output, result, or productivity as opposed to planned or expected performance.

Opportunity Situation

Refers to a set of circumstances that presents a chance for an individual or organization to achieve a specific goal or benefit.

Management By Exception

A management strategy where managers intervene only when performance deviates significantly from set standards.

Control Process

The control process is an essential part of management that involves monitoring performance, comparing it with goals, and taking corrective action as needed.