A Budget That Is Based on a Single Estimate of Sales

question 127

Multiple Choice

A budget that is based on a single estimate of sales volume is called a:

• A)static budget.
• B)flexible budget.
• C)variable budget.
• D)sunk cost budget.

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Definitions:

Leading

The act or process of guiding or influencing others towards a goal, often involving direction, motivation, and setting an example.

Approach-approach

A conflict situation in which an individual must choose between two desirable outcomes, often leading to decision-making stress.

Avoidance-avoidance

A situation in which a person faces a decision between two unfavorable or undesirable options, leading to conflict and stress.

Approach-avoidance

A psychological conflict that occurs when a person is simultaneously drawn to and repelled by the same object, event, or action.