From the Following Options,select the Budgets and the Order in Which

question 15

Multiple Choice

From the following options,select the budgets and the order in which they would be prepared,when developing an operating budget for a hair salon.

• A) Sales budget, materials budget, operating expenses budget.
• B) Production budget, sales budget, operating expenses budget.
• C) Sales budget, labour budget, operating expenses budget.
• D) Sales budget, production budget, labour budget.

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Definitions:

Tight Money Policy

A monetary policy that makes borrowing money more expensive and less accessible in order to reduce inflation.

Interest Rates

The proportion of interest a borrower is charged for loaned funds.

Bank Credit

The total amount of borrowing capacity available to an individual or entity from a bank or other financial institutions, enabling the borrower to make purchases or investments.

Reserve Requirement

The minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lending out, set by the central bank.