Which Method of Budget Setting Is the Most Popular Method

question 2

Multiple Choice

Which method of budget setting is the most popular method used by multinational corporations?

• A)Objective-and-task
• B)Percent-of-sales
• C)Historical
• D)Competitive-parity

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Definitions:

Problem Solving

The process of identifying a problem, analyzing potential solutions, and implementing an effective strategy to address it.

Training Schedule

A planned timetable that outlines the timing and sequence of training sessions or activities.

Nature of Business

Refers to the fundamental characteristics or activities of a company or enterprise, outlining the scope of its operations and industry sector.

Self-Efficacy

An individual's belief in their own ability to successfully accomplish tasks and cope with challenges.