Asked by Mojarai Johnson on Jul 20, 2024
Verified
As a budgeting method, which approach is simple and fiscally conservative but offers no other benefits for the organization?
A) principal accounting method
B) cost-per-media method
C) affordable method
D) objective-and-task method
E) percentage-of-sales method
Affordable Method
A budgeting technique where the cost of an action or project is determined based on what is financially feasible.
Principal Accounting Method
The main system a business uses to maintain its financial records and prepare financial statements, such as accrual or cash basis accounting.
Budgeting Method
A systematic approach to managing income and expenses, ensuring that financial resources are allocated efficiently.
- Acquire knowledge on the diverse approaches businesses adopt for allocating their marketing finances.
Verified Answer
Learning Objectives
- Acquire knowledge on the diverse approaches businesses adopt for allocating their marketing finances.
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