Match Each Phrase That Follows with the Term A-F It

question 64

Multiple Choice

Match each phrase that follows with the term a-f it describes..
-an accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period

• A)budget
• B)capital expenditures budget
• C)sales budget
• D)production budget
• E)cash budget
• F)budgeted balance sheet

---

Definitions:

Constant Returns to Scale

A situation in economics where increasing the inputs in production proportionately increases the output.

Constant Returns to Scale

The situation where an increase in all inputs by a certain factor leads to an increase in output by the same factor, showing linear scalability in production.

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm's output expands, often due to inefficiencies that arise from becoming too large.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.