In Order to Prepare a Budgeted Income Statement,several Other Budgets

question 97

Multiple Choice

In order to prepare a budgeted income statement,several other budgets need to be prepared first.Which of the following is NOT one of the budgets needed to prepare the budgeted income statement?

• A) Sales
• B) Electricity and gas
• C) Capital expenditures
• D) Inventory, purchases and cost of sales

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Definitions:

Standards Of Conduct

Established guidelines and principles expected to be followed by individuals within an organization or a profession, ensuring ethical and responsible behavior.

Business Ethics

The study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

Social Responsibility

Social responsibility involves businesses and individuals acting in a manner beneficial to society, focusing on ethical practices, sustainability, and community welfare.

Work Environment

The setting, conditions, and culture in which employees perform their job duties, including physical space, social aspects, and organizational practices.