A Budget System Based on Expected Activities and Their Levels

question 166

Multiple Choice

A budget system based on expected activities and their levels that enables management to plan for resources required to perform the activities is:

• A) Traditional budgeting.
• B) Management budgeting.
• C) Master budgeting.
• D) Activity-based budgeting.
• E) Cash budgeting.

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Definitions:

Competition

The rivalry among businesses for consumers’ dollars.

Intrapreneurs

Individuals in large firms who take responsibility for the development of innovations within the organizations.

Stock

Shares of a corporation that may be bought or sold.