Describe operating and financial budgets and give at least two ...

[luvbio]

Describe operating and financial budgets and give at least two examples of each discussed in the textbook.
 
  What will be an ideal response?

Question 2

In a hierarchical database model, all record relationships are 3:N.
  Indicate whether the statement is true or false

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Answer to Question 1

Answer: Operating budgets specify the expected outcomes of any selling, manufacturing, purchasing, labor management, R&D, marketing, distribution, customer service, and administrative activities during the planning period. Operations personnel use these plans to guide and coordinate activities during the planning period.

Examples of operating budgets include the revenues budget, production budget, direct materials costs budget, direct manufacturing labor costs budget, manufacturing overhead budget, and budgets for R&D, marketing, distribution, customer service, and administrative activities.

Financial budgets are used to evaluate the financial consequences of a proposed decision.

Examples of financial budgets include the capital expenditures budget, cash budget, budgeted balance sheet, and the budgeted statement of cash flows.

Answer to Question 2

F

[luvbio]

Excellent

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