Which of the Following May NOT Be a Legitimate Reason

question 8

Multiple Choice

Which of the following may NOT be a legitimate reason for a budget increase?

• A) Increase in output
• B) Backlog
• C) Increase in input prices
• D) Cost increasing change in production technology
• E) Improving the quality of a good or service

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Definitions:

Lawn Mowers

Machines or devices that are used to cut a grass surface to an even height, powered manually or by an engine.

Demand

The quantity of a specific good or service that consumers are willing and able to purchase at various prices during a certain period of time.

Supply

The total amount of a specific good or service that is available to consumers at a given time and price.

Demand

Refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.