Listed Below Are Elements of the Master Budget

question 77

Essay

Listed below are elements of the master budget. Determine whether each budget is an operating budget or a financial budget. Place an O for operating budget or F for a financial budget.
1.Capital expenditures budget
2.Cost of goods sold budget
3.Revenues budget
4.Budgeted statement of cash flows
5.Distribution costs budget
6.Marketing costs budget
7.Cash budget
8.Direct materials cost budget
9.Budgeted balance sheet
10.Budgeted income statement

Grasp the principles of organizing within a company, such as parity principle, unity of command, and chain of command.

Recognize the importance of the span of control and how it affects managerial effectiveness.

Identify the advantages of delegating authority and empowering employees.

Discern the steps involved in the delegation process and the role of authority and responsibility.

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Definitions:

Fetus

A developing mammal or human from the completion of embryonic development to birth, characterized by rapid growth and the development of body structures.

Embryo

A stage in prenatal development after fertilization and before becoming a fetus, characterized by rapid cell division and the start of cell differentiation.

Autism Spectrum Disorder

A developmental disorder characterized by difficulties in social interaction, communication, and by restricted or repetitive patterns of thought and behavior.

Reflexively

Acting in an automatic or involuntary manner without conscious thought.