_____ are the quantitative expressions of plans stated in either physical or financial terms or both.
A) Budgets
B) Financial statements
C) Cost of goods sold statements
D) Cost of goods manufactured statements

Question

Quizplus · Accepted Answer

Budgets are specific plans that provide quantitative expressions in either physical or financial terms, or both. They are used to plan and control activities and resources of an organization. Financial statements, cost of goods sold statements, and cost of goods manufactured statements are all important financial documents that help to monitor and understand the financial performance of an organization but do not provide quantitative expressions of plans.

_____ Are the Quantitative Expressions of Plans Stated in Either