_____________________ Allows Subordinate Managers Considerable Say in How the Budgets

question 155

Short Answer

_____________________ allows subordinate managers considerable say in how the budgets are established.

---

Definitions:

Shares Outstanding

The total number of a company's shares that are currently owned by shareholders, including those held by institutional investors and restricted shares owned by the company’s officers and insiders.

Days Sales Outstanding

A calculation used by a company to estimate the average number of days it takes to collect payments after a sale has been made.

Receivables

Funds that are owed to a company by its customers as a result of the sale of goods or services on credit.

Sales

The total amount of goods or services sold by a business, contributing to its revenue.