Which One of the Following Is a Budgeting Approach That

question 97

Multiple Choice

Which one of the following is a budgeting approach that explicitly demands continuous improvement and that incorporates expected improvements in the resultant budget?

• A) Flexible budgeting.
• B) Time-driven activity-based budgeting (TDABB).
• C) Activity-based budgeting (ABB).
• D) Kaizen budgeting.
• E) Zero-base budgeting (ZBB).

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Definitions:

Merchandise Inventories

Goods and products that a company holds for the purpose of resale to customers.

Sales Budget

An estimate of the expected sales revenue a company aims to achieve in a specific period, including both volume and value of sales.

Required Production

The quantity of goods that must be produced during a certain period to meet customer demand and inventory policies.

Budgeted Sales

An estimated amount of sales in units or dollars that a company plans to achieve during a certain period, often used for planning and operational purposes.