Match the Definitions 1 Through 9 with the Correct Term

question 139

Multiple Choice

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

-A plan that shows the expected cash inflows and cash outflows during the budget period.

• 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:

Special Circumstances Doctrine

A legal principle allowing flexibility in sentencing or decision-making due to unique case factors.

Garnishee

A legal process that allows a creditor to seize the assets of a debtor held by a third party.

Annual Rate

The annual rate is the interest percentage that is charged or earned over the course of a year, often used in the contexts of loans, investments, and savings.

Breach of Contract

The inability to meet a condition of any contract, written or spoken, in the absence of a legal justification.