Which of the Following Is $\textbf{ not }$

question 67

Multiple Choice

Which of the following is $\textbf{ not }$ a component of the master budget?

• A)Selling and administrative expenses budget
• B)Ending inventory and cost of goods sold budget
• C)Capital expenditures budget
• D)All of these ans choices are components of the master budget.

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Definitions:

Process Innovation

Improvements in the methods or processes of producing goods or providing services to increase efficiency and reduce costs.

Resource Innovation

The process of finding new and improved ways of using resources to create products or services, often contributing to efficiency and sustainability in production.

Market Innovation

The introduction of novel products, services, processes, or business models that significantly change the dynamics of a market or industry.

Patents

Legal documents that grant inventors exclusive rights to their inventions, preventing others from making, using, or selling the invention for a certain period of time.