Which Method of Budget Allocation Is Not Recommended for Firms

question 55

Multiple Choice

Which method of budget allocation is not recommended for firms that operate in unstable economic, political, or competitive environments?

• A)Objective-and-task
• B)Historical
• C)Competitive-parity
• D)All-you-can-afford

Understand the process and significance of online processing in data entry.

Comprehend the importance and types of source documents in an accounting system.

Know how to identify and rectify posting errors in accounting.

Understand the basic principles and components of accounting information systems and their application in real-world scenarios.

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Definitions:

Poverty

A state where individuals or communities lack the financial resources to meet basic living needs, such as food, shelter, and healthcare.

Elderly

Individuals, typically of an advanced age, often defined as those who are 65 years or older, representing a specific demographic group within society.

Gini Coefficient

A measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).

Lorenz Curve

A graphical representation used to show the distribution of income or wealth within a society, depicting the proportion of total income earned by various segments of the population.