Activity-Based Budgeting Does NOT Require

question 39

Multiple Choice

Activity-based budgeting does NOT require:

• A)knowledge of the organization's activities
• B)specialized expertise in financial management and control
• C)knowledge about how activities affect costs
• D)the ability to see how the organization's different activities fit together

---

Definitions:

Federal Case Dockets

Official summaries of proceedings and filings in federal court cases.

Perfect Price Discrimination

A pricing strategy where a seller charges each buyer their maximum willingness to pay, extracting all the consumer surplus.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.

Third-Degree Price Discrimination

Practice of dividing consumers into two or more groups.