Match the Following

question 50

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Developed to support tactical plans and goals

• A)Mission statement
• B)Operational plans and goals
• C)Strategic plans and goals
• D)Tactical plans and goals

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Definitions:

Production Budget

A financial plan that estimates the costs associated with the production process, including materials, labor, and overhead, within a specific period.

Direct Materials Purchases Budget

A budget that estimates the quantities of direct materials to be purchased to support budgeted production and desired inventory levels.

Sales Budget

A financial plan that estimates future sales volumes and revenues.

Capital Expenditures Budget

A budget that plans for investments in long-term assets like equipment, buildings, and machinery essential for the business's operations and growth.