In Terms of Budgeting Processes There Are Two Common Ways

question 4

Multiple Choice

In terms of budgeting processes there are two common ways in which budgets tend to be compiled. Highlight these two methods from the choice of four below:

• A) Continuation budgeting
• B) Zero-based budgeting
• C) Profit orientated budgeting
• D) Profit and Loss Budgeting

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Definitions:

Task Model

A conceptual or computational representation of the steps, processes, or actions involved in completing a specific task or objective.

Choice Reaction Time

The time it takes for an individual to respond to a stimulus when multiple responses are possible, indicating the speed of decision-making.

Lexical Decision

A task in cognitive psychology that involves deciding as quickly as possible whether a presented string of letters is a word or a non-word.

Crystallized Intelligence

The skill to utilize understanding and experiences that have been gained.