Which of the following budgeting procedures would be used if a firm wanted a method that is simple to understand and financially safe?

Which of the following budgeting procedures would be used if a firm wanted a method that is simple to understand and financially safe?

Which of the following budgeting procedures would be used if a firm wanted a method that is simple to understand and financially safe?



A. competitive parity

B. marginal analysis

C. percentage of sales

D. objective and task

E. arbitrary method



Answer: C


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