Which of the Following Is True of the Sales Budget

question 56

Multiple Choice

Which of the following is true of the sales budget?

• A) It provides sales data that is used to prepare financial statements for external reporting purposes.
• B) It captures the variable and fixed expenses of the business.
• C) It is used in the production budget.
• D) It shows the cost of expected production in a period.

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Definitions:

Functionalism

A theoretical framework in sociology that views society as a complex system whose parts work together to promote solidarity and stability.

Human Behavior

The array of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.

Industrial Revolution

A period of major industrialization from the late 18th to early 19th century that transformed primarily agrarian, rural societies in Europe and America into industrialized, urban ones.

Agrarian Production

An economic system centered on agricultural production, such as farming and livestock breeding.