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:

Debt Extinguishment

The process of discharging or settling a debt, either through repayment or through a financial restructuring agreement.

Bond Premium

The amount by which the market price of a bond exceeds its par value, typically arising when the bond's interest rate is higher than the market rate.

Forward Contract

A customized financial agreement to buy or sell an asset at a specified future date at a price agreed upon today.

Future Date

A specified day in the future, often used in the context of agreements or financial transactions that will occur at a later time.