When Each New Budget Is Based on the Dollar Amounts

question 222

Multiple Choice

When each new budget is based on the dollar amounts contained in the budget from the preceding year, a company is using ____ budgeting.

• A) zero-base
• B) traditional
• C) cash
• D) capital
• E) production

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Definitions:

Unionized Workers

Employees who are members of a labor union, which represents their interests in matters such as wages, working conditions, and benefits.

Employment Relationship

The legal and practical connection between an employer and employee, defining rights, responsibilities, and conditions of work.

Repetitive Tasks

Simple or complex activities performed repeatedly by an individual, often associated with manual or clerical jobs, which can lead to monotony and potential health issues.

Mainstream Economics

a body of economic thought and theories that are widely accepted and practiced by economists, focusing on market structures, economic efficiency, and the role of government.