Regarding the Sales Budget,which of the Following Statements Is Incorrect

question 173

Multiple Choice

Regarding the sales budget,which of the following statements is incorrect?

• A) The forecast of sales revenue is the cornerstone of the master budget.
• B) The level of sales affects expenses and almost all other elements of the master budget.
• C) The budgeted sales are carried from the sales budget to the balance sheet.
• D) Budgeted total sales for each product equal the sales price multiplied by the expected number of units sold.

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Definitions:

High N Pow

High N Pow, or high need for power, refers to an individual's desire to influence, control, or have authority over others.

Strategic Contingencies

Critical factors or events that must be addressed in strategic planning to ensure an organization can achieve its goals and respond to changes in the environment.

Scarce Resources

Limited supplies of goods or services that are available for use by individuals or organizations.

Superordinate Goals

Shared objectives that transcend individual or group interests, promoting cooperation and cohesion among previously competitive or conflicting parties.