Which Element of a Master Budget Would Normally Be Prepared

question 54

Multiple Choice

Which element of a master budget would normally be prepared first?

• A)A production budget
• B)A cash budget
• C)A budget of operating expenses
• D)A sales forecast

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Definitions:

H8/f7 Fit

A specific tolerance class designation for holes (H8) and shafts (f7) in engineering, ensuring a precise interference fit.

Basis

The underlying support or foundation for an idea, argument, or process; in materials, it could refer to the primary component or substance that forms the starting point.

Tolerance Position Letters

In engineering, symbols used in geometric dimensioning and tolerancing to represent the permissible limits of variation in the position of parts.

External Dimensions

Refers to measurements that describe the outer limits or size of an object or component.