Activity-Based Budgeting

question 69

Multiple Choice

Activity-based budgeting

• A)is a more powerful planning and control tool than a functional-based budget system.
• B)starts with sales and production budgets similar to a functional-based budget system.
• C)is simpler to construct than a functional-based budget system.
• D)Both a and b above are correct.

Comprehend the impact of performance-based contracts on nonprofit organizations.

Recognize how government agencies announce grant opportunities.

Assess the effect of government contracts on nonprofit responsiveness to government directives.

Identify strategies to simplify the grant process recommended by the Urban Institute.

---

Definitions:

Likely Products

The most probable substances formed as the outcome of a chemical reaction, based on reactants and conditions.

Predominate Product

The product in a chemical reaction that is formed in greater quantity compared to any other products, often due to its more favorable energy state or kinetic pathway.

Unsaturation Number

A measure of the degree of unsaturation (number of double or triple bonds, including rings) present in an organic molecule.

Molecular Formula

The representation of a compound showing the types and numbers of atoms present in the simplest ratio.