A Budget System Based on Expected Activities and Their Levels

question 4

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

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Definitions:

Global Reporting Initiative

An international organization that develops and encourages the use of sustainability reporting standards.

CSR Initiative

Corporate Social Responsibility initiative; a company's efforts to improve society in ways that go beyond the interests of the firm and that are not required by law.

Social Performance

A measure of how well an organization achieves social goals, such as community support and employee satisfaction.

Triple Bottom Line

Reporting that includes financial performance, social performance, and environmental performance.