Asked by Cayla Hamilton on May 12, 2024
Verified
A budget system based on expected activities and their levels that enables management to plan for resources required to perform the activities is:
A) Traditional budgeting.
B) Management budgeting.
C) Master budgeting.
D) Activity-based budgeting.
E) Cash budgeting.
Activity-Based Budgeting
A budgeting approach where budgets are created based on activities and processes, taking into consideration the costs of all activities necessary to produce and sell a product.
Budget System
A systematic process used by businesses and organizations for planning, controlling, and allocating financial resources.
Expected Activities
The projected activities or operations a business plans to undertake, usually within a specific timeframe, often related to budgeting and planning.
- Detect and clarify the assorted kinds of budgets found within a master budget, including those for capital outlays and operational expenditures.
Verified Answer
Learning Objectives
- Detect and clarify the assorted kinds of budgets found within a master budget, including those for capital outlays and operational expenditures.
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