Which One of the Following Choices Represents Alternatives to Traditional

question 76

Multiple Choice

Which one of the following choices represents alternatives to traditional budgeting approaches?

• A) Volume-based budgeting and zero-base budgeting (ZBB).
• B) Activity-based budgeting (ABB) and volume-based budgeting.
• C) Kaizen budgeting and volume-based budgeting.
• D) Activity-based budgeting (ABB), kaizen budgeting, and zero-base budgeting (ZBB).
• E) Activity-based budgeting (ABB), kaizen budgeting, and volume-based budgeting.

---

Definitions:

Profit Potential

The capacity or possibility for a business or investment to generate earnings over costs.

Invisible-Hand Concept

This concept, introduced by Adam Smith, suggests that the self-regulating nature of the marketplace leads to economic efficiency through individuals' pursuit of their own self-interest.

Resource Suppliers

Entities or individuals that provide the inputs or resources, such as labor, land, capital, and materials, needed for production processes.

Public Interest

The welfare or well-being of the general public and society as a whole, often considered in policy-making and law.