In Extending an Expense Item for the Current Budget Year,an

question 5

Multiple Choice

In extending an expense item for the current budget year,an often-used and useful approach is to

• A)use last year's figure.
• B)use the average of the last three years.
• C)use last year's figure plus a usual 10% "fudge factor."
• D)adjust last year's figure upwards by this year's expected inflation.

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Definitions:

I/O Tags

Identifiers used in programming and configuring automated systems to represent inputs and outputs, facilitating data exchange and control.

Controller Scope Tags

Refer to identifiers used within a control system to delineate the scope of variables or tags, ensuring proper management and access in programming environments.

Automatically Created

Pertains to something generated or produced by a system or process without human intervention.

Memory Organization

The method by which computer memory is structured and managed to efficiently store and retrieve data.