Which of the following budgets is not required in a service organization?

Question

Quizplus · Accepted Answer

Cost of goods sold budget is not required in a service organization as they do not produce or sell physical products. Instead, their revenue comes from providing services to their clients. Cash budget is required to ensure that the organization has enough cash flow to continue operations, sales budget is necessary to estimate future revenue, and labor budget is needed to manage workforce expenses.

Which of the Following Budgets Is Not Required in a Service