BEC Strategic Planning review 2

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Joens1313
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301024
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BEC Strategic Planning review 2
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2015-04-18 11:15:11
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BEC Strategic Planning review
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BEC Strategic Planning review 2
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  1. What is a operating budget?
    an operating budget forecasts income predicts sales volume as well as estimates cost of goods sold and operating expenses.
  2. an ---------------------budget forecasts income predicts sales volume as well as estimates cost of goods sold and operating expenses.
    an operating budget forecasts income predicts sales volume as well as estimates cost of goods sold and operating expenses.
  3. What is a Financial Budget?
    A financial budget forecasts the flow of cash and other funds in the business and charts the expected balance sheet for the end of the planning period.
  4. A-------------- budget forecasts the flow of cash and other funds in the business and charts the expected balance sheet for the end of the planning period.
    A financial budget forecasts the flow of cash and other funds in the business and charts the expected balance sheet for the end of the planning period.
  5. What is a capital expenditures Budget
    a Capital Expenditures budget summarizes expenditures for individual capital projects.
  6. a ----------------------------- budget summarizes expenditures for individual capital projects.
    a Capital Expenditures budget summarizes expenditures for individual capital projects.
  7. What is a flexible budget?
    a flexible budget does not confine itself to one activity level but rather aims toward an activity range.
  8. a --------------------- budget does not confine itself to one activity level but rather aims toward an activity range.
    a flexible budget does not confine itself to one activity level but rather aims toward an activity range.
  9. What is responsibility accounting?
    responsibility accounting systems recognize various decision centers throughout an organization and trace costs to the individual managers who are primarily responsible for the costs in question.
  10. -------------------------------- recognize various decision centers throughout an organization and trace costs to the individual managers who are primarily responsible for the costs in question.
    responsibility accounting systems recognize various decision centers throughout an organization and trace costs to the individual managers who are primarily responsible for the costs in question.

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