Which of the Following Budgeting Procedures Would Be Used If

question 36

Multiple Choice

Which of the following budgeting procedures would be used if a firm wanted a method that is simple to understand and financially safe?

• A) Objective and task
• B) Competitive parity
• C) Percentage of sales
• D) Marginal analysis

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Definitions:

British Pounds

The official currency of the United Kingdom, also known as GBP (Great British Pounds).

Expropriation

The act of a government taking privately owned property, typically for public use or in the public interest, with or without compensation.

Direct Investments

Investments made directly into a company or project, rather than through securities, stocks, or other indirect means.

Terrorist Activity

Violent acts intended to create fear, perpetrated for a religious, political, or ideological goal, often targeting civilians.