Which of the Following Budgets or Financial Statements Is Part

question 121

Multiple Choice

Which of the following budgets or financial statements is part of the operating budget?

• A)Sales budget
• B)Budgeted balance sheet
• C)Capital expenditures budget
• D)Cash budget

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Definitions:

Elastic

Describes a situation in which the demand for a good or service significantly changes in response to changes in price.

Elastic

Describes a situation where the demand for a product or service significantly changes in response to a change in its price.

Price Elastic

Relating to the responsiveness of the demand or supply of a good or service to changes in its price.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.