Identify Each Item as an Advantage or Disadvantage of Budgeting

question 47

Multiple Choice

Identify each item as an advantage or disadvantage of budgeting.
-Forces managers to plan

• A)Advantage
• B)Disadvantage

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Definitions:

Volume Purchase Discount

A volume purchase discount is a price reduction offered to buyers who purchase large quantities of goods or services.

Appliance Warehouse

An appliance warehouse is a large storage facility dedicated to housing household appliances like refrigerators, stoves, and washers for sale.

Payments

The act of transferring money to fulfill an obligation, such as in purchasing goods or services or repaying a loan.

Penalty

A punishment imposed for breaking a law, rule, or contract, which often involves paying a fine or forfeiting something.