One of the Key Innovations in Future Planning Has Been

question 46

Multiple Choice

One of the key innovations in future planning has been the introduction of the:

• A)balanced scorecard.
• B)master budget
• C)budget target
• D)none of the options is true

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Definitions:

Long-Term Credit Sales

Sales made on credit with repayment terms extending beyond the standard period, typically over a year or more.

Profitable Credit Sales

Sales made on credit that generate a profit for the company, after accounting for the cost of goods sold and other expenses related to the sale.

Net Realizable Value

The estimated selling price of goods, minus the costs of their sale or disposal, used in accounting to determine the value of an asset in the balance sheet.

Unrealized Loss

A decrease in the value of an investment or asset that has not been sold, hence the loss has not been realized.