Which of the Following Describes the Inventory, Purchases, and Cost

question 96

Multiple Choice

Which of the following describes the inventory, purchases, and cost of goods sold budget?

• A) It aids in planning to ensure the company has adequate inventory on hand.
• B) It captures the variable and fixed expenses of the business.
• C) It depicts the breakdown of sales based on terms of collection.
• D) It helps in planning to ensure the business has adequate cash.

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Definitions:

Emotional Stability

A personality trait characterized by the ability to remain calm and composed, especially in stressful situations.

Relaxed

A state or condition of being free from tension, stress, or anxiety, often associated with a calm and peaceful environment or demeanor.

Unworried

Pertains to a state of not being anxious or concerned.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.