A Major Strength of the Line-Item Budget Format Is That

question 44

True/False

A major strength of the line-item budget format is that it overlooks history,and therefore it fosters long-range planning.

---

Definitions:

Royalties

A share of the income of a business paid by a franchisee to the franchisor.

Innovation

The act of introducing something new, such as an idea, method, or device, to improve processes, products, or services.

C Corporation

An organizational form for businesses where shareholders, the owners, face taxation independently from the corporation.

Shareholders

Individuals or entities that own shares in a corporation, thus having a claim on part of its assets and earnings.