Budgets That Combine Sales Forecasts with Estimates of Production Costs

question 122

Multiple Choice

Budgets that combine sales forecasts with estimates of production costs and operating expenses to forecast profits are known as which of the following?

• A) operating budgets
• B) centralized budgets
• C) strategic budgets
• D) cash budgets

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Definitions:

Organizational Culture

Organizational culture refers to the shared values, beliefs, and practices that characterize an organization and shape its employees' behaviors and attitudes.

Espoused Values

The stated values and norms that are explicitly mentioned by a group or organization.

Observable Artifacts

Tangible or visible elements in an organization's culture, such as dress codes, office layout, and rituals.

Strengths-Based Management

A management philosophy focusing on optimizing an organization's performance by recognizing and leveraging the strengths of its employees rather than focusing predominantly on their weaknesses.