The Behavioural Aspect of Budgeting Is

question 1

Multiple Choice

The behavioural aspect of budgeting is:

• A) irrelevant.
• B) only important for some firms.
• C) generally important.
• D) very important.

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Definitions:

EBIT

Earnings Before Interest and Taxes, a measure of a firm's profitability that includes all expenses except for interest and income tax expenses.

Sales

The transactions of selling goods or services within a specific period.

Total Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, displaying net profit or loss.