Which of the Following Budgets Is Not Applicable to a Service

question 213

Multiple Choice

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

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

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Definitions:

Ethical Responsibilities

Obligations to act in a morally correct manner according to accepted principles of right and wrong within a professional context.

Scientific Process

A systematic series of steps followed in order to derive valid results about a scientific inquiry or to solve a problem, including observation, hypothesis formation, experimentation, and conclusion.

Utilitarianism

A theory in ethics holding that the best moral action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Ethical System

A structured set of principles that guides moral behavior and decision-making, often based on societal, cultural, or personal beliefs.