Which of the Following Statements Is Correct

question 31

Multiple Choice

Which of the following statements is correct?

• A) GST can be ignored when preparing budgets.
• B) Most firms prepare cash budgets for periods of 5 years or more.
• C) The bank figure in the budgeted balance sheet comes from the cash budget.
• D) Budgeted retained profits is calculated as opening balance plus budgeted profit plus budgeted dividends.

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Definitions:

Marketing Strategies

Comprehensive plans formulated to achieve specific marketing goals and objectives through the effective use of the marketing mix.

Implementation and Control

The process of executing a plan or policy so that the strategic objectives and goals are achieved, accompanied by monitoring and adjusting strategies as necessary.

Cereal Industry

The sector focused on the production, distribution, and marketing of breakfast cereals and related products.

Market Introduction

The initial stage of launching a new product or service into the market, focusing on building awareness and gaining initial customers or users.