Which of the Following Is a Disadvantage of the Percent

question 27

Multiple Choice

Which of the following is a disadvantage of the percent of sales method of setting promotional budgets?

• A) It heavily relies on the experience and judgment of the marketing team.
• B) It can result in too much spending on promotion when sales are high and not enough when sales are low.
• C) Its budgeting method is directly guided by how much competitors spend.
• D) It does not base its budgeting on past expenditure patterns.

Understand the relationship between personal dispositions, job characteristics, and job satisfaction.

Explain the mechanisms and effects of group decision-making processes, including groupthink.

Understand the various models and structures of human resources departments.

Recognize the importance of confidentiality in employee assistance programs.

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Definitions:

Spending Philosophy

An individual's approach or principles guiding how they allocate their financial resources.

Saving Money

The process of setting aside a portion of current income for future use, to cover emergencies, short-term goals, or long-term financial planning.

Financial Future

A term that refers to the projected financial status or health of an individual or entity, taking into consideration income, expenses, savings, and investments.

Financial Goals

Targets, usually defined in monetary terms, that individuals or organizations aim to achieve, such as saving for retirement or paying off debt.