Which of the Following Statements About the Competitive- Parity Method

question 107

Multiple Choice

Which of the following statements about the competitive- parity method of budgeting is true?

• A)It mirrors the best thinking of others in the business.
• B)It is the only top- down budgeting method used to determine promotional budgets.
• C)It is considered the most logical budgeting method.
• D)It is the most commonly used bottom- up method for budgeting.
• E)It works because it relies on dynamic market shares that change annually.

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Definitions:

Epiglottis

A flap of cartilage located at the base of the tongue that prevents food and drink from entering the windpipe during swallowing.

Thyroid

The thyroid is a butterfly-shaped gland located in the neck, below the Adam's apple, producing hormones that regulate the body's metabolic rate, heart and digestive function, muscle control, brain development, and bone maintenance.

Cricoid

A ring-like cartilage located at the top of the trachea and below the thyroid cartilage, forming the back part of the larynx and providing attachment for muscles involved in opening and closing the airway.

Glottis

The opening between the vocal cords in the larynx, crucial for producing vocal sounds.