The Four Components of the Operating Budget Are the Sales

question 48

True/False

The four components of the operating budget are the sales budget; inventory, purchases and cost of goods sold budget; and the cash budget.

---

Definitions:

Declaration Of Independence

A historic document drafted by Thomas Jefferson, declaring the thirteen American colonies' independence from British rule in 1776.

Constitution

The fundamental principles or established precedents according to which a state or other organization is governed.

Economic Freedom

The fundamental right of every human to control his or her own labor and property, including the freedom to trade and to partake in markets.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined primarily by competition in a free market.