Which of the following is the basis for all operating budgets and most financial budgets?
A)A delivery forecast
B)A sales forecast
C)A technical forecast
D)A labor forecast

Question

Quizplus · Accepted Answer

A sales forecast is the most important basis for operating budgets and financial budgets as it helps to estimate the revenue and expenses for the future period. It helps to determine the amount of resources needed for production, marketing, and other activities. Delivery, technical and labor forecasts are important inputs but cannot provide a comprehensive picture of the organization's financial situation.

Which of the Following Is the Basis for All Operating