Program Budgeting

question 73

Multiple Choice

Program budgeting

• A) is similar to line item budgeting.
• B) relates budget performance to the achievement of objectives.
• C) develops qualitative performance criteria rather than quantitative criteria.
• D) focuses on inputs rather than outputs.

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Definitions:

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Cost Structures

The composition of fixed and variable costs that a company incurs during its operations, impacting its profitability.

Segmented

Divided into separate parts or sections, typically to allow for more targeted approaches or strategies.

Market Types

The classifications of market structures based on the number of sellers, product differentiation, and ease of entry, such as monopoly, oligopoly, and perfect competition.