The Order to Follow When Preparing the Operating Budget Is

question 104

Multiple Choice

The order to follow when preparing the operating budget is ________.

• A) revenues budget, production budget, and direct manufacturing labor costs budget
• B) costs of goods sold budget, production budget, and cash budget
• C) revenues budget, manufacturing overhead costs budget, and production budget
• D) cash expenditures budget, revenues budget, and production budget

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Definitions:

Productivity

Is an economic measure of efficiency that summarizes and reflects the value of the outputs created by an individual, organization, industry, or economic system relative to the value of the inputs used to create them.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.

Job Embeddedness

Refers to the fact that some people stay in their jobs, even when they decide they are unhappy and should leave. Other ties in the community or obligations keep the employee in the job.

Continuous Supervision

The management practice of closely monitoring employees' work and performance without significant breaks.