Matching
Match the following terms with the best definition given.
Premises:
Static budget
Master budget
Sales budget
Production budget
Flexible budget
Responses:
Estimates the number of units to be manufactured to meet sales and inventory levels.
Begins by estimating the quantity of sales.
Shows expected results at only one activity level.
Shows expected results at several activity levels.
Integrated set of operating, investing and financing budgets for a period of time.
Correct Answer:
Premises:
Responses:
Static budget
Master budget
Sales budget
Production budget
Flexible budget
Premises:
Static budget
Master budget
Sales budget
Production budget
Flexible budget
Responses:
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