Which of the Following Statements About the Competitive-Parity Method of Budgeting

question 90

Multiple Choice

Which of the following statements about the competitive-parity method of budgeting is true?

• A)It is the most commonly used bottom-up method for budgeting.
• B)It works because it relies on dynamic market shares that change annually.
• C)It is the only top-down budgeting method used to determine promotional budgets.
• D)It is considered the most logical budgeting method.
• E)It mirrors the best thinking of others in the business.

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Definitions:

Fraudulent Practice

The act of deception for personal or financial gain, especially in a professional or public capacity.

Higher Level

Pertaining to advanced or complex stages, skills, or operations; often implies a greater degree of difficulty, responsibility, or understanding.

Reimbursement

The act of repaying someone for expenses they have incurred, often used in the contexts of healthcare and insurance.

Coding System

A standardized set of rules or symbols used to represent information, enabling effective communication and processing, particularly in computers and healthcare.