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A ________ is the quantitative expression of a proposed plan of action by management for a specified period and helps managers coordinate the activities that
A ________ is the quantitative expression of a proposed plan of action by management for a
specified period and helps managers coordinate the activities that need to be done to implement the plan.
A) coordination B) pro forma statements C) communication D) strategy E) budget
48) Budgeted financial statements are sometimes called:
A) profit centers. B) investment centers. C) pro forma statements. D) cost centers. E) responsibility centers.
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