When Each New Budget Is Based on the Dollar Amounts

question 222

Multiple Choice

When each new budget is based on the dollar amounts contained in the budget from the preceding year, a company is using ____ budgeting.

• A) zero-base
• B) traditional
• C) cash
• D) capital
• E) production

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Definitions:

Consumer Protection

Laws and regulations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace.

Stop-Payment Order

A request made to a bank by an account holder not to pay a check or payment that has been issued but not yet cashed or withdrawn.

Valid

Legally binding and enforceable, meeting all necessary legal formalities and requirements.

Extends

Refers to something that increases in length, duration, or scope.