Answer the following question(s) using the information below.Sherry and John Enterprises are using the Kaizen approach to budgeting for 2019.The budgeted income statement for January 2019 is as follows:
Under the Kaizen approach, cost of goods sold and variable operating expenses are budgeted to decline by 1% per month.
-What is budgeted gross margin for March 2019?
Definitions:
Observer Bias
A form of research error that occurs when an observer's expectations or personal beliefs influence their interpretation of experimental outcomes.
Ecological-Systems Approach
A perspective on human development that considers all of the influences from the various contexts of development. (Later renamed bioecological theory.)
Bronfenbrenner
A psychologist known for his ecological systems theory, which considers the complex interrelations between individual development and environmental factors.
Microsystem
A part of the ecological systems theory that refers to the immediate environment in which an individual interacts, such as family, school, peers, and workplace.
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