Finance u. 14&15

Process of planning and controlling the budget of a business.

• labor

• production

• business peformance

• cost management

The sum of all costs incurred by a firm in producing a certain level of output.

• total costs

• fixed costs

• variable costs

• storage

Answer explanation

https://www.britannica.com/topic/total-cost

The cost of a business expense that doesn’t change even with an increase or decrease in the number of goods and services produced or sold. They are commonly related to recurring expenses not directly related to production, such as rent, interest payments, and insurance.

• variable costs

• fixed costs

• total costs

• general costs

Answer explanation

https://www.investopedia.com/terms/f/fixedcost.asp

Business expenses that are not related to the cost of goods or sales, such as salaries of office staff, insurance, and legal and accounting costs.

• fixed expenses

• general expenses

• administrative expenses

• total expenses

Answer explanation

https://www.collinsdictionary.com/es/diccionario/ingles/administrative-expenses#:~:text=Administrative%20expenses%20are%20business%20expenses,occupancy%20and%20other%20similar%20costs.

The process of creating something, usually for sale.

• production

• creation

• display

• presale

Work in echange for pay

• labor

• birth

• salary

• earning

State of being kept in a particular place while not in use.

• pack

• storehouse

• market

• storage

Act of delivering or spreading something.

• delivery service

• distribution

• storage

• illness

Publication of advertisements

• ad

• public

• advertising

• programe

Detailed plan for reaching specific production and sales goals that includes several smaller budgets

• master budget

• fixed costs

• total costs

• cash budget