Question 5 Which of the following items would appear in a budget? a. Products competitors plan to sell b. Projected sales c. Actual rent costs d. Actual sales Question 6 The master budget for a service business: a. excludes a purchases budget b. excludes a sales budget c. excludes the cash budget d. excludes the projected financial statements Question 7 Which of the following is not a reason why businesses should choose to prepare sustainability reports? a. Responding to the demands of stakeholders b. Informing shareholders and the market about how well the business is managing n financial and financial risks c. A requirement to report performance and strategies to improve social and environ impacts d. practices Question 8 The concept that seeks to place a value on the impact of business operations is known as: a. current accounting b. net present value c. Social accounting d. historical cost accounting