Which Budgeting Method Takes a Bottom-Up Approach by Defining Specific

question 26

Multiple Choice

Which budgeting method takes a bottom-up approach by defining specific objectives, determining the tasks needed to achieve these objectives and then estimating how much each task will cost?

• A)cost-per-media method
• B)affordable method
• C)objective-and-task method
• D)principal accounting method
• E)percentage-of-sales method

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Definitions:

Legal/Regulatory

Legal/regulatory refers to the framework of laws, regulations, and guidelines that govern individuals, businesses, and organizations, ensuring compliance and the protection of rights and interests.

Trade Restrictions

Government-imposed limitations on the free exchange of goods and services between countries, such as tariffs, quotas, and embargoes.

Economic

Relating to the economy or the study of how societies use resources to produce and distribute goods and services.

Degree of Rivalry

The intensity of competition among existing competitors in a market.