Following Is Consumption Schedules for Three Private Closed Economies

question 148

Multiple Choice

Following is consumption schedules for three private closed economies.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars. Refer to the above data.The marginal propensity to consume in economy (1) :

• A)is .5.
• B)is .3.
• C)is .8.
• D)is .7.

Distinguish between budgeting and long-range planning and their respective roles in organizational goal achievement.

Understand the fundamentals of preparing and managing cash flow forecasts and their significance to the overall budgeting process.

Understand the key components and differences in budget structures between merchandisers and manufacturers.

Identify and describe the roles and responsibilities within the budget preparation process in companies.

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