After Comparing Budgets with the Actual Results,the Feedback Allows Managers

question 179

True/False

After comparing budgets with the actual results,the feedback allows managers to determine what,if any,corrective action should be taken.

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Definitions:

Delivery Schedules

Planned timelines for the delivery of products or services to customers, detailing when and how deliveries are expected to be made to meet customer demands.

Suppliers

Suppliers are businesses or individuals that provide goods or services to another entity, under specified terms, usually through a contract.

Just-In-Time (JIT)

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.

Manufacturing Firms

Entities engaged in the industrial production of goods, transforming raw materials into finished products for distribution.