Which of the Following Is Not True of the Direct

question 16

Multiple Choice

Which of the following is not true of the direct materials purchases budget?

• A)It is determined by the anticipated change in the direct materials inventory level and the production budget.
• B)It does not affect the forecasted balance sheet.
• C)It is expressed in units and dollars.
• D)It affects the budgeted income statement.

---

Definitions:

Single Die

Refers to one of a pair of small objects, typically cube-shaped, with sides numbered from one to six, used in games of chance.

Monte Carlo

Monte Carlo methods are a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results and estimate uncertain quantities.

Sample Space

The set of all possible outcomes of a statistical experiment.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.