Which One of the Following Is a Budgeting Approach That

question 48

Multiple Choice

Which one of the following is a budgeting approach that explicitly demands continuous improvement and incorporates all the 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.

Distinguish between short-term and long-term price elasticities of supply.

Assess the impact of technological advancements on supply, demand, and market equilibrium.

Understand the various levels of strategy within an organization, including corporate, business, and functional strategies.

Distinguish between different types of strategies such as environmental, competitive, and operational strategies.

---

Definitions:

Errant Behavior

Errant behavior refers to actions taken by an employee that deviate from the expected norms or rules of an organization, potentially leading to disciplinary action.

Performance Problems

Issues or difficulties related to an individual's or organization's ability to achieve expected results.

Personnel Policies

Policies that govern the management of employees in an organization, encompassing hiring practices, workplace conduct, benefits, and procedures for addressing grievances and discipline.

Work Rules

Regulations or guidelines established by an organization to dictate the expected behaviors and procedures employees must follow.