Which One of the Following Is a Budgeting Process That

question 26

Multiple Choice

Which one of the following is a budgeting process that requires managers to prepare budgets from ground zero?

• A)Flexible budgeting.
• B)Continuous budgeting.
• C)Activity-based budgeting (ABB).
• D)Kaizen budgeting.
• E)Zero-base budgeting (ZBB).

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Definitions:

Purely Competitive

A market structure characterized by many sellers offering identical products, with no single seller able to influence market price.

Pure Monopolist

An exclusive market condition where a single company or entity has complete control over the production and sale of a product or service.

Nondiscriminating Pure Monopolist

A monopolist who charges all consumers the same price for its product or service, regardless of the market segment.

Marginal Revenue

The supplementary earnings obtained through the sale of one extra product or service unit.