Which Budget Criticism Can Be Dealt with by Adapting and Improving

question 24

Multiple Choice

Which budget criticism can be dealt with by adapting and improving budgeting practices?

• A)Budgets can make people feel undervalued.
• B)Budgets can be seen as a bureaucratic exercise in cost cutting.
• C)Bottom-up budgeting can lead to budget padding to make targets easier to achieve.
• D)All can be dealt with by adapting and improving budgeting practices.

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Definitions:

Marginal Revenue

The additional income earned from the sale of one more unit of a product or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Total Revenue

Total Revenue is the total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product.