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The Use of New Technologies Encourages

question 61

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The use of new technologies encourages .


Definitions:

Continuous Twelve-Month Budget

A financial planning document that forecasts revenues and expenses on a rolling monthly basis for a year.

Production Budget

An estimate of the total cost of production, including raw materials, labor, and overhead, for a specific period.

Cash Budget

A detailed plan that estimates the cash inflows and outflows over a specific period, used for managing liquidity and ensuring solvency.

Direct Materials Budget

A financial plan that estimates the raw materials needed to meet production goals and the costs associated with purchasing them.

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