Which of the Following Is NOT an Example of a Performance

question 13

Multiple Choice

Which of the following is NOT an example of a performance budget?

• A)Program budget.
• B)Object classification budget.
• C)Zero-base budget.
• D)Priority-based budget.

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Definitions:

Cost-plus Pricing

Pricing strategy where a fixed percentage is added to the total cost of making a product to determine its selling price.

Required Rate of Return

The minimum annual percentage earned by an investment that will entice individuals or companies to put money into a particular security or project.

Contribution Margin

Contribution margin is the amount by which sales revenue exceeds variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit.

Production Constraint

Any factor that limits the output of a production process, such as limited machine capacity or shortages of materials or labor.