It is to ensure that an organization's actual revenues and expenditures adhere closely to its financial plan. The system typically involves setting personal goals for managers that are based on the budget, along with a set of rewards that are triggered when the goals are attained.

The budget process forces managers to consider carefully their goals and objectives and to specify means of achieving them. It is used to estimate a company's anticipated revenue and expenses for an upcoming time period.

This refers to the extended period of time that an asset is held.

Where can we find the long-term investment in a company?

The following are examples of long term investment except one:

This refers to the difference between the selling price of a good or service and its cost.

A t-shirt has a list price of $9.00 but now it’s on sale at $5.00. What is the markdown percentage?

Identify in the choices the types of discounts:

Which among the following is an example of short term investment?

Short term investment is also known as marketable securities or temporary investment.

Any decline in value of a short term investment will directly affect the net income of the business.

Short term investment take on higher risk, making them stable option of investment.