Objective and Task Budgeting Is a Budgeting Method

question 123

Multiple Choice

Objective and task 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 promotion cost of performing these tasks.

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