Match the definitions 1 through 9 with the correct term or phrase (a)through (i).

-A quantity of inventory that provides protection against lost sales caused by unfulfilled demand from customers or delays in shipments from suppliers.
A)Master budget
B)General and administrative expense budget
C)Budget
D)Safety stock
E)Budgeted income statement
F)Budgeted balance sheet
G)Sales budget
H)Cash budget
I)Merchandise purchases budget

Question

Match the definitions 1 through 9 with the correct term or phrase (a)through (i).

-A quantity of inventory that provides protection against lost sales caused by unfulfilled demand from customers or delays in shipments from suppliers.
A)Master budget
B)General and administrative expense budget
C)Budget
D)Safety stock
E)Budgeted income statement
F)Budgeted balance sheet
G)Sales budget
H)Cash budget
I)Merchandise purchases budget

Quizplus · Accepted Answer

Safety stock is the inventory a company holds beyond its expected demand to prevent stockouts and lost sales due to unpredictable demand or supply chain issues.

Match the Definitions 1 Through 9 with the Correct Term