Which of the Following Statements Is Not True

question 43

Multiple Choice

Which of the following statements is not true?

• A) GST estimates need to be included in a cash budget.
• B) A service business does not need to prepare a cash budget.
• C) Preparing operating budgets for service businesses is normally simpler than preparing them for retailers or manufacturers.
• D) The emphasis in budgeting for not-for-profit organisations tends to be on cash flows and the final cash position rather than on profits, income and expenditure.

Recognize the strategic importance of an organization's process strategy.

Comprehend the principles of process redesign for improvement.

Understand the role and advantages of flexible manufacturing systems.

Differentiate between product-focused, process-focused, and repetitive processes.

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Definitions:

Edict of Nantes

A 1598 decree issued by Henry IV of France, granting substantial rights and tolerance to Huguenots (French Protestants), marking a move toward religious coexistence.

Thirty Years War

A protracted conflict that took place between 1618 and 1648, primarily within the Holy Roman Empire, involving most of the major European powers and marked by widespread destruction and high civilian casualties.

Joint Stock Company

A business entity where different stocks can be bought and owned by shareholders, allowing for the pooling of capital and sharing of profits or losses.

Narragansett Indians

A Native American tribe originally from the Rhode Island area, known for their rich culture, history of resistance and adaptation during European colonization, and ongoing efforts to preserve their heritage.