Which of the Following Is Useful to Combine the Data

question 143

Multiple Choice

Which of the following is useful to combine the data of different segments using different software for the purpose of creating companywide budgets?

• A) accounting development manual
• B) budget management software
• C) financial analysis software
• D) budget creation manual

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Definitions:

Cost-Minimization Rule

A principle in economics that suggests a firm should produce any given output at the lowest possible cost.

Statements

Assertions or declarations, often formal and written, detailing facts or opinions.

Least Costly Combination

An economic principle that firms seek to achieve by using the combination of factors of production that minimizes their costs while producing a given level of output.

Marginal Product Data

Information regarding the additional output that can be obtained by adding one more unit of a particular input, holding all other inputs constant.