Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

BM2 502

FI-106

TermDefinition
Benchmark Something that provides basis for comparison or evaluation
Budget An estimate of income and expense for a specific period of time
Continuous budget See rolling budget
Expense The money that a business spends
Fiscal year The 12 month period chosen by a business as its operating year that may or may not coincide with the calendar year
Income The money received by resource owners and by producers for supplying good and services to consumers
Interrelated Having an effect on or depending upon one another
Manufacturer A type of producer that changes the shape or forms of materials so that they will be useful to consumers
Master budget The overall budget of a company, made up of information from specialized budgets that are generated by individual departments
Retailer A business that buys consumer goods or services and sells them to the ultimate consumer
Rolling budget Also called a continuous budget, a rolling budget replaces each passing month with a new month added to the end of the budget, so that there is always a year long budget in place
Sales forecast A prediction of future sales over a specific period of time
Service business A type of business that performs intangible activities that satisfy the wants of consumers or industrial users
Specialized budget A budget that reflects a particular department or activity of a company; specialized budgets are interrelated, often relying on one another for estimates of future activity
Variance The difference between a budgeted amount and an actual amount
Zero-based budgeting A method of budgeting that requires a manager to demonstrate the need for every expense instead of relying on figures from previous period; in effect, each new budget begins at zero
Created by: Nadiya.m994
Popular Management sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards