Which of the Following Budgeting Procedures Would Be Used If

question 110

Multiple Choice

Which of the following budgeting procedures would be used if a firm wanted a method that is simple to understand, easy to implement, financially safe, and keeps the spending within reasonable limits?

• A)competitive parity
• B)marginal analysis
• C)percentage of sales
• D)objective and task
• E)arbitrary

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Definitions:

Cognitive Abilities Test

A standardized assessment used to measure an individual's mental capabilities in areas such as problem-solving, memory, and reasoning.

Cattell's Original Theory

A theory of personality that includes a trait model of personality, emphasizing fluid and crystallized intelligence as key components.

Gf

General fluid intelligence, the capacity to reason and solve novel problems, independent of any knowledge from the past.

Gc

General cognitive ability, a component of intelligence that includes knowledge acquired through experience and education.