Which of the Following Budgets Is Not Required in a Service

question 11

Multiple Choice

Which of the following budgets is not required in a service organization?

• A) Cash.
• B) Sales.
• C) Labor.
• D) Cost of goods solD.
• Service organizations do not manufacture or sell goods.The cost of goods sold budget is needed when there are inventories.

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Definitions:

Vascular Tissue

Specialized tissue in plants that conducts water and nutrients throughout the plant body; includes xylem and phloem.

Xylem

A type of tissue in plants that transports water and some nutrients from the roots to the leaves.

Gymnosperms

Seed-producing plants that bear their seeds directly on the surfaces of cones, differing from flowering plants in their mode of reproduction.

Single Species

Refers to a specific, individual species as opposed to a group or community of multiple species.