Match the Definitions 1 Through 9 with the Correct Term

question 126

Multiple Choice

Match the definitions 1 through 9 with the correct term or phrase (a) through (i) .

-A plan that shows the expected sales units and the dollars from these sales.

• A)Master budget
• B)General and administrative expense budget
• C)Budget
• D)Safety stock
• E)Budgeted income statement
• F)Budgeted balance sheet
• G)Sales budget
• H)Cash budget
• I)Merchandise purchases budget

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Definitions:

CFO

Chief Financial Officer, a senior executive responsible for managing the financial actions of a company.

Collateralized

The provision of an asset or property as security for the repayment of a loan, reducing the risk for the lender.

Business Loan

A loan specifically intended for business purposes, helping companies finance operations, equipment, expansion, or other business needs.

Lender

An individual, financial institution, or entity that provides funds to another with the expectation that the funds will be repaid, typically with interest.