The Percentage-Of Sales Method

question 46

Multiple Choice

The percentage-of sales method:

• A)is expensive to use.
• B)is the simplest to use of all budgeting methods.
• C)is based on the average of the previous five years sales.
• D)is generally unsafe to use.
• E)is a bold attempt to link advertising dollars with sales objectives.

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Definitions:

Flight Capacity

Can refer to either the maximum distance an aircraft can travel without refueling or the maximum number of passengers or cargo an aircraft can carry.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Airline

A business that offers services for flying passengers and cargo through the air.

Student Guesses

Refers to attempts made by students to answer questions without being certain of the correct answers, often used in the context of exams or quizzes.