Under Which of the Following Types of Budgeting Must Managers

question 1

Multiple Choice

Under which of the following types of budgeting must managers justify their budget requests each year as if prior information did not exist?

• A) Activity-based
• B) Participative
• C) Zero-based
• D) Flexible

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Definitions:

Labor Force

The total number of people both employed and actively seeking employment in an economy.

Labor Force Participation Rate

The labor force as a percentage of the adult population.

Adult Population

The adult population consists of all individuals in a certain region or country who are considered adults, typically based on achieving a specific legal age of majority.

Looking for Work

The activity of actively seeking employment or trying to find a job.