Which of the Following Statements Is True

question 11

Multiple Choice

Which of the following statements is true?

• A)The direct materials purchases budget is determined from the direct labor budget.
• B)The sales budget is the only budget based on an estimate of customer demand.
• C)The capital expenditures budget are prepared from the production budget.
• D)The selling and administrative expense budget is input into the forecasted cost of goods sold.

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Definitions:

Conscious Thinking

The active process of engaging in thoughts, ideas, or problem-solving with awareness.

Cognitive Theories

Theories focused on understanding how people think, perceive, remember, and learn, explaining various aspects of human behavior and development.

Development

The process of growth or improvement over time, which can be applied in contexts like economic, social, or personal development.

Information-Processing Theory

A cognitive approach that likens human thinking to the way computers process information, focusing on the ways information is encoded, stored, and retrieved.