Which Statement Is Not Correct

question 31

Multiple Choice

Which statement is not correct?

• A) A retailer prepares a budget for purchases and then a cost of sales budget.
• B) A manufacturer prepares a production budget, direct materials, direct labour and factory overhead budgets and then a cost of sales budget.
• C) Both retailers and manufacturers prepare income, expense, capital expenditure and cash budgets.
• D) A service provider only prepares financial budgets not operating budgets.

---

Definitions:

Personality Test

A psychological assessment tool designed to evaluate individual personality traits, characteristics, and tendencies.

Open-Ended Interviews

A qualitative research method involving interviews with open-ended questions, allowing respondents to express their views in their own terms.

Predetermined Order

An order or sequence that has been decided in advance.

Written Tests

Assessments conducted through written responses, usually to evaluate knowledge or understanding of a particular subject matter.