Which of the Following Can a Budget Manager Do to Increase

question 27

Multiple Choice

Which of the following can a budget manager do to increase their budget in a zero-base budgeting system?

• A) Selecting the expenditure base that produces the highest possible starting point for estimating the next year's budget
• B) Selecting the highest possible inflation factor for estimating the next year's input prices
• C) Incorporating input price increases in the first month of the budget year
• D) Over-estimating the cost of output in the minimal level decision package and under-stating the cost of subsequent output increases

Grasp the relationship between demand, supply, and employment.

Recognize the role of factors of production in determining supply of goods and services.

Understand the impact of economic growth on job opportunities, wages, and standard of living.

Differentiate between the economic systems (socialism, communism, market economies) and their characteristics.

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Definitions:

Conglomerate

A large corporation composed of diverse and independent industry sectors or companies under a single corporate group.

Men's Socks

Footwear specifically designed to cover men’s feet and lower legs, typically made from various fabrics and used for warmth, comfort, and fashion.

Webb-Pomerene Act

A 1918 U.S. federal law that allows certain export business activities to be exempt from antitrust laws, enabling American exporters to combine into associations to promote their foreign trade.

Joint Export Activities

Collaborative efforts among businesses or organizations to export goods and services to international markets.