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work Saved Use the following terms to complete the sentences that follow. Terms may be used once, more than once, or not at all: 1.

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work Saved Use the following terms to complete the sentences that follow. Terms may be used once, more than once, or not at all: 1. The 2. The is a set of interrelated budgets that constitutes a plan of action for a specific period establish goals for the company's sales and production personnel approach to budgeting is more likely to motivate people to work toward an approach organization's goal than an) 3. An) 4. Managers who intentionally understate expected sales or overstate expected expenses are creating Comparing actual results to budgeted plans is an example of management Performing its The starting point for preparing the master budget is 5. function. 6. the 7. The 8. Using an) provides information about a company's expected revenue, expenses, and profitability for a period of time. when one budget period passes, another is automatically added at the end. provides information about a company's expected financial position at a specific point in time. has been prepared, the direct maten als purchases, the direct labor, and the manufacturing overhead budgets can be prepared 9. The 10. Once the Use the following terms to complete the sentences that follow. Terms may be used once, more than once, or not at all: 1. The 2 The 3. A(n) is a set of interrelated budgets that constitutes a plan of action for a specific period. als for the company's sales and production personnel. budgeting is motivate + Budgetary slack Irk toward an approach. Budgeted balance sheet 's goal than an) Budgeted Income statement function. Capital expenditures budget 4. Managers who intentionally sales or overstate expecte Comparing actual results te example of management p The starting point for prepa 5. 6. the 7. The 8. Using an provides information about a company's expected revenue, expenses, and profitability for a period of time. when one budget period passes, another is automatically added at the end provides information about a company's expected financial position at a specific point in time. has been prepared, the direct materials purchases, the direct labor and the manufacturing overhead budgets can be prepared. 9. The 10. Once the Use the following terms to complete the sentences that follow. Terms may be used once, more than once, or not at all 1. The 2 The 3. A(n) 4. 5. Managers who intentionally sales or overstate expecter Comparing actual results te example of management P The starting point for prepa the The is a set of interrelated budgets that constitutes a plan of action for a specific period. als for the company's sales and production personnel Control budgeting is Cost of goods sold budget b motivate rk toward an approach Directing/leading 's goal than an) Financial budgets Master budget function. Onoratinn budnate provides information about a company's expected revenue, expenses, and profitability for a period of time. when one budget period passes, another is automatically added at the end provides information about a company's expected financial position at a specific point in time. has been prepared, the direct materials purchases, the direct labor, and the manufacturing overhead budgets can be prepared. 6. 7. 8. Using a(n) 9. The 10. Once the Use the following terms to complete the sentences that follow. Terms may be used once, more than once, or not at all: 1 The 2 The is a set of interrelated budgets that constitutes a plan of action for a specific period. als for the company's sales and production personnel. budgeting is motivate Irk toward an approach 's goal than alo) 3 A(n) Operating budgets Participative Planning Production budget Rolling budget Managers who intentionally sales or overstate expecte Comparing actual results te example of management p The starting point for prepa the 5. function 6. 7. The 8. Using an) provides information about a company's expected revenue expenses and profitability for a period of time. when one budget period passes, another is automatically added at the end provides information about a company's expected financial position at a specific point in time. has been prepared, the direct materials purchases, the direct labor and the manufacturing overhead budgets can be prepared. 9 The 10. Once the Use the following terms to complete the sentences that follow. Terms may be used once, more than once, or not at all: 1. The 2. The is a set of interrelated budgets that constitutes a plan of action for a specific period. als for the company's sales and production personnel. budgeting is b motivate Irk toward an approach 's goal than an) 3. A(n) Production budget Rolling budget Sales forecast Top-down Zero-based budget 4. Managers who intentionally sales or overstate expected Comparing actual results te example of management The starting point for prepa the 5. function. 6. 7. The 8. Using a(n) provides information about a company's expected revenue, expenses, and profitability for a period of time. when one budget period passes, another is automatically added at the end. provides information about a company's expected financial position at a specific point in time. has been prepared, the direct materials purchases, the direct labor, and the manufacturing overhead budgets can be prepared. 9. The 10. Once the

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