Acash flow budgetprojects an organization's cash inflows and outflows over a certain period of time, generally one year

True

False

Operating budgets are not developed for each department within the organization

True

False

Acapital budgetis used to plan for the acquisition of buildings

True

False

Contribution margin is used to calculate the breakeven point

True

False

The breakeven point can be used to assess the current profit or loss position

True

False