Question
budget constraint(s) budgetary slack cash cycle controllable cost investment budget operating cycle rolling budget self-liquidating cycle Use the terms from the list to complete the
budget constraint(s)
budgetary slack
cash cycle
controllable cost
investment budget
operating cycle
rolling budget
self-liquidating cycle
Use the terms from the list to complete the following sentences:
1) A ______ also known as a(n) ______ is the movement of cash arising from business functions to inventories, to receivables, and back to cash when outputs are sold. It is a(n)________where all costs of a corporation are recovered when output is sold. __________ is the practice of underestimating revenue and overestimating costs to make the ___________ less challenging.
2) Once the corporate budget is produced, all managers make a commitment to reach budget targets. They are responsible for __________that must be at or below the budget constraint during each reporting time period. Some companies produce a(n) ________ that adds a reporting time period as one is completed. A(n) ________ affects the inflow and outflow of cash either to make the investment or to pay to finance it.
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