Percentage of Sales Budgeting Is a Budgeting Method

question 116

Multiple Choice

Percentage of sales budgeting is a budgeting method:

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

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Definitions:

Evolutionary

Pertaining to evolution, the process through which species undergo changes over time due to genetic variation and natural selection.

Aggressiveness

The quality of being bold or assertive in behavior or attitude, often resulting in confrontational or forceful actions.

Social Dominance

A social hierarchy arrangement where certain groups or individuals are elevated in status above others.

Gender-Role Socialization

The process through which individuals learn the gender norms and behaviors considered appropriate in their society.