Which of the Following Budgets Is Not Applicable to a Merchandising

question 85

Multiple Choice

Which of the following budgets is not applicable to a merchandising company?

• A) Sales
• B) Operating expense
• C) Cost of goods sold, inventory and purchases
• D) Direct materials

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Definitions:

Eocene

The Eocene is a geological epoch that lasted from about 56 to 33.9 million years ago, during which warm climates prevailed and early mammals diversified following the extinction of the dinosaurs.

Continental Drift

The theory that the Earth's continents have moved over geological time relative to each other, thus appearing to have "drifted" across the ocean bed.

Earth's Surface

The outermost layer of the Earth comprised of land and water where various life forms exist.

Plate Tectonics

A scientific theory explaining the movement of the Earth's lithospheric plates on the asthenosphere, causing continental drift, earthquakes, volcanoes, and the formation of mountains.