Which of the Following Does Not Represent a Common Approach

question 3

Multiple Choice

Which of the following does not represent a common approach to budgeting expenditures?

• A) Zero-base budgeting.
• B) Object-of-expenditure budget.
• C) Program budgeting.
• D) Marginal increase budgeting.

---

Definitions:

States of Nature

Hypothetical conditions or scenarios in decision theory and economics, representing all possible situations that could affect the outcome of a decision.

EMV

An acronym for Expected Monetary Value, a calculation used in decision making that quantifies the average outcome of a future event in monetary terms.

Payoff Table

A tool used in decision making that shows the outcome or results of different strategies under various conditions.

Expected Value Criterion

A decision-making approach that aims to maximize the expected outcome by taking into account all possible variations in performance.