Which of the Following Is Not True

question 59

Multiple Choice

Which of the following is not true?

• A) The sales forecast is done before the sales budget.
• B) The master budget is the comprehensive plan for the organization as a whole.
• C) The production budget is prepared in units and dollars.
• D) One approach to forecasting sales is the bottom-up approach.
• E) In creating the sales forecast, outside factors such as the state of the economy, should be considered.

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Definitions:

Import-Export Firewalls

Security systems that monitor and control incoming and outgoing network traffic based on predetermined security rules, especially between different trust levels or network zones.

Preemptive Practices

Strategic actions taken by businesses to anticipate and address potential challenges, obstacles, or market changes before they occur, often to maintain competitive advantage.

Gross Domestic Product

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, serving as a broad measure of a nation's overall economic activity.

Small Businesses

Typically refers to privately owned corporations, partnerships, or sole proprietorships with fewer employees and lower annual revenue than larger businesses.