Which of the Following Is the Starting Place for Budgeting

question 189

Multiple Choice

Which of the following is the starting place for budgeting?

• A)Last year's budget
• B)Last year's actual amounts
• C)Zero
• D)Any of the above

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Definitions:

Predestination

The doctrine that all events have been willed by God, usually with reference to the eventual fate of the individual soul.

Ethical Egoism

A moral philosophy that posits individuals should act in ways that are in their own self-interest, which can inadvertently or intentionally benefit others.

Self-Interest

Refers to actions that are primarily aimed at benefiting oneself.

Contrary

Opposite in nature, direction, or meaning; it refers to things that are diametrically opposed to each other.