The Owner of a Nail Shop That Operates in a Local

question 132

Multiple Choice

The owner of a nail shop that operates in a local strip mall told her daughter, "Well, after budgeting for all of our expenses for next year, we still have about $7,500 remaining for emergencies. Let's budget 20 percent of that amount for advertising." What budgeting technique is the retailer most likely using?

• A) all-you-can-afford budgeting
• B) percentage of sales budgeting
• C) competitive parity budgeting
• D) objective and task budgeting
• E) linear forecast budgeting

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Definitions:

Twelve Step Model

A structured program designed to help individuals overcome addiction, based on the principles of admitting inability to control the addiction, recognizing a higher power, and making amends.

Big Book

The foundational text for Alcoholics Anonymous, outlining the twelve-step program and principles for recovery from alcoholism.

Counselors

Professionals trained to offer guidance, support, and psychological help to individuals or groups, often specializing in areas like mental health, addiction, or educational guidance.

Substance Abuse

The dangerous or risky consumption of mind-altering substances, including alcohol and unauthorized drugs.