Accounting Q30 Conflict between the planning and controlling phases can result in the creation of a sales and profit budget that is which of the following? a. Considerably lower than likely, which will result in production being short of materials and labor, thus causing inefficiencies b. Considerably higher than realistic, which will result in a more competitive company able to perform above industry standards c. Considerably higher than realistic, which will result in greater production and greater profit because it will push workers to meet higher expectations d. Considerably lower than likely, which will result in workers' increased well-being as they meet production quotas easily and become even more productive
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Accounting
Q30
Conflict between the planning and controlling phases can result in the creation of a sales and profit budget that is which of the following?
a.
Considerably lower than likely, which will result in production being short of materials and labor, thus causing inefficiencies
b.
Considerably higher than realistic, which will result in a more competitive company able to perform above industry standards
c.
Considerably higher than realistic, which will result in greater production and greater profit because it will push workers to meet higher expectations
d.
Considerably lower than likely, which will result in workers' increased well-being as they meet production quotas easily and become even more productive.
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