Which of the Following Is NOT a Budgeting Method

question 15

Multiple Choice

Which of the following is NOT a budgeting method? 

• A) top-down budgeting (TD) 
• B) bottom-up budgeting (BU) 
• C) top-down/bottom-up/top-down process (TDBUTD) 
• D) bottom-up/top-down process (BUTD) 
• E) top-down/bottom-up process (TDBU)

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Definitions:

Marginal Rate Of Transformation

Amount of one good that must be given up to produce one additional unit of a second good.

Price

The amount of money required to purchase a good or service, usually determined by supply and demand in the market.

Marginal Rates Of Substitution

The rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility or satisfaction.

Equilibrium

A state in an economic model where demand equals supply, meaning there is no incentive for change in the market situation.