Activity-Based Budgeting

question 20

Multiple Choice

Activity-based budgeting:

• A)begins with a forecast of products and services to be produced,and customers served.
• B)ends with a forecast of products and services to be produced,and customers served.
• C)parallels the flow of analysis that is associated with activity-based costing.
• D)reverses the flow of analysis that is associated with activity-based costing.
• E)is best described by choices "A" and "D" abovE.

---

Definitions:

Right

A legal, moral, or social entitlement to have or obtain something or to act in a certain way.

Respondeat Superior

A legal doctrine holding an employer or principal responsible for the actions of their employees or agents performed within the course of their employment or agency.

Multi-national Corporation

A large corporation that operates and provides goods or services in multiple countries beyond its initial country of origin.

Small-town Store

A retail establishment located in a small community, often offering a range of products tailored to local residents.