Which of the Following Budgets Is Not Required in a Service

question 43

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.

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Definitions:

Suppliers

Companies or individuals that provide goods or services to another entity as part of a supply chain.

Time-Based Management

A strategic approach that focuses on reducing the time required to conduct various business processes to improve performance and competitiveness.

Non-Value-Added Costs

Costs incurred during the production or delivery of a product or service that do not increase its market value, often a target for reduction or elimination in lean manufacturing.

Idle Time

The time period in which resources, such as machines or employees, are available but not in use or production.