Objective and Task Budgeting Is a Budgeting Method

question 88

Multiple Choice

Objective and task budgeting is a budgeting method:

• A)that allocates funds to promotion only after all other budget items are covered.
• B)whereby the company determines its promotion objectives, outlines the tasks to accomplish these objectives, and determines the promotion cost of performing these tasks.
• C)that allocates funds to promotion as a percentage of past or anticipated sales, in terms of either dollars or units sold.
• D)that matches the competitor's absolute level of spending or the proportion per point of market share.

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Definitions:

Leadership Role

A position or function in which an individual influences, guides, or directs others towards achieving collective goals.

Performance Evaluation

The systematic assessment of an employee's job performance, including the quality, quantity, and efficiency of work.

Rationalize

To attempt to explain or justify behavior or an attitude with logical reasons, even if these are not appropriate.

Supply Base

The network of suppliers from which a company procures its goods, services, and materials.