A Budgeting Technique That Requires Managers to Justify All Revenue

question 83

Multiple Choice

A budgeting technique that requires managers to justify all revenue and expenses for each new period is called ________.

• A) zero-based budgeting
• B) justification budgeting
• C) flexible budgeting
• D) defensive budgeting

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Definitions:

Unionization

The process of organizing workers into a union, a collective organization that negotiates with employers over wages, working conditions, and other labor issues.

Retail Trade

The selling of goods and services directly to consumers, typically in small quantities.

Marginal Labor Cost

The additional cost incurred by hiring one more unit of labor or the cost of producing one additional unit of output with an additional unit of labor.

Wage Rate

The standard amount of compensation individuals receive in exchange for their labor or services, typically expressed per hour, day, or piece rate.