me nts Listed next are several terms. Complete the following statements with one of these terms. You may use a form more than once, and some terms may not be used at all Budget committees Financial budgets Master budget Operating budgets Participative budgeting Production budget Rolling budget Safety stock Slack Strategic planning Variance Zero-based budgeting a Text Sharin is extra inventory of finished goods that is kept on hand in case demand is higher than predicted or problems in the factory slow production b. Managers will sometimes build into their budgets to protect themselves against unanticipated expenses or lower revenues c. The sales budget and production budget are examples of d. The is used to forecast how many units should be made to meet the sales projections. e. is a budgeting process that begins with departmental managers and flows up through middle management to top management sa Librai esource f los hunt that is running month in the end of the huntin merint Study Click to select your answer(s). cation T f. Listed next are several terms. Complete the following statements with one of these terms You may use a ferm more than oncs, and some terms may not be used at all, Budget committees Financial budgets Master budget Operating budgets Participative budgeting Production budget Rolling budget Safely stock Slack Strategic planning Variance Zero-based budgeting is a budget that is continuously updated by adding months to the end of the budgeting period g. The is the difference between actual and budgeted figures and is used to evaluate how well the manager controlled operations during the period h. Strategic planning is the comprehensive planning document for the entire organization I. When an organization builds its budgets from the ground up, It is using 1. These budgets project both the collection and payment of cash and forecast the company's budgeted balance sheet. k. is the process of setting long-term goals that may extend several years into the future. Click to select your answer(s). ? TRUFFESTOFFV o Listed next are several terms. Complete the following statements with one of these terms. You may use a term more than once, and some terms may not be used at all Budget committees Financial budgets Master budget Operating budgets Participative budgeting Production budget Rolling budget Safety stock Slack Strategic planning Variance Zero-based budgeting g. The is the difference between actual and budgeted figures and is used to evaluate how well the manager controlled operations during the period h. Strategic planning is the comprehensive planning document for the entire organization i. When an organization builds its budgets from the ground up, it is using j. These budgets project both the collection and payment of cash and forecast the company's budgeted balance sheet. is the process of setting long-term goals that may extend several years into the future 1. are often used by companies to review submitted budgets, make revisions as needed, and approve the final budgets Click to select your answer(s). 2 SITESSE O TI