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1. ________________________________________Lists long-term assets that are planned to be acquired over a multiyear period.

2. ___________________________________ A financial plan developed for a fixed level of operating activity, typically the expected or most likely level.

3. ____________________________________ When finished goods are not produced until they are needed for shipment to customers.

4. __________________ A quantity of inventory maintained to supply

unexpected demand or to provide stock when manufacturing is slowed through

delays in receipt of material and components from suppliers.

5. ___________________________________ A responsibility center that is part

of the reporting segment that is responsible for the use of capital (productive

assets), along with revenues and costs.

6. ____________________________________The use of budgets to management

and control a firms activities.

7. ____________________________________ Reflects the quantity of each

product to be produced during the budget period.

8. ______________________________________Presents the projected cash

flows during the budget period.

9. _____________________________________A formal process that addresses

and documents the overall mission and long-term goals of the organization based

on the vision statement.

10. ___________________________________A responsibility center that is part

of the reporting segment that is responsible for the cost and expenses of only that

segment of business.

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