Which of the Following Best Describes a Typical Participative Budget

question 134

Multiple Choice

Which of the following best describes a typical participative budget?

• A) It is NOT subject to review by higher levels of management since to do so would contradict the participative aspect of the budgeting processing.
• B) It is NOT subject to review by higher levels of management except in specific cases where the input of higher management is required.
• C) It is subject to review by higher levels of management in order to prevent the budgets from becoming too loose.
• D) It is NOT critical to the success of a budgeting program.

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Definitions:

Quantity Demanded

The actual amount of a good or service consumers are willing to buy at some specific price.

Importing Country

A country that buys goods and services from other countries for domestic consumption or use.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade volumes and protect domestic industries.

Oranges In South Africa

Refers specifically to the cultivation, production, and market dynamics of oranges within the South African context.