For Firms with Financial Limitations, Which Budgeting Method Is the Most

question 62

Multiple Choice

For firms with financial limitations, which budgeting method is the most likely to be used?

• A)Objective-and-task
• B)Percent-of-sales
• C)Executive-judgment
• D)All-you-can-afford

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Definitions:

Concession Bargaining

Negotiations where labor unions agree to give up previous benefits or wage increases to help a company reduce costs under economic pressure.

Globalization

The process by which businesses and other organizations develop international influence or start operating on an international scale.

Real Wages

Wages adjusted for inflation, reflecting the true purchasing power of the income received by workers.

Welfare Capitalism

An economic system combining a mostly market-based economy with extensive social welfare programs.