Percentage of Sales Budgeting Is a Budgeting Method

question 91

Multiple Choice

Percentage of sales budgeting is a budgeting method:

• A)that allocates funds to promotion as a percentage of past or anticipated sales, in terms of either dollars or units sold.
• B)that matches the competitor's absolute level of spending or the proportion per point of market share.
• C)that allocates funds to promotion only after all other budget items are covered.
• D)whereby the company determines its promotion objectives, outlines the tasks to accomplish these objectives, and determines the advertising cost of performing these tasks.

---

Definitions:

Self-Assessment

The process by which individuals evaluate their own performance, skills, or qualities, often for the purpose of self-improvement.

Team Goal Setting

The process of defining specific, measurable, achievable, relevant, and time-bound objectives for a group to collectively pursue, enhancing motivation and performance.

Evaluating

The process of assessing or judging the value, quality, or importance of something based on certain criteria or standards.

Feedback

Feedback is a response given to a particular process or activity, intended to provide information about how one's behavior can be improved.