In which of the following company types does the manager use a "cost of goods sold, inventory, and purchases" budget?

Question

Quizplus · Accepted Answer

The "cost of goods sold, inventory, and purchases" budget is used by companies that sell physical products, such as merchandising and manufacturing companies, which must keep track of inventory levels and the cost of producing or purchasing goods. Service companies do not typically have inventory or cost of goods sold and therefore would not use this budget.

In Which of the Following Company Types Does the Manager