Help,Inc. ,a not-for-profit entity dedicated to providing assistance to the needy,has submitted to its governing body a budget that includes the following budgeted expenditures. $$\begin{array} { l l }
\text { Nutrition } & \$ 250,000 \
\text { Family housing assistance } & \$ 300,000 \
\text { Shelter House } & \$ 200,000 \
\text { Legal aid } & \$ 100,000 \
\text { Medical assistance } & \$ 150,000
\end{array}$$ Which of the following best describes the budgeting practices of this entity?
A)The entity uses program budgeting techniques.
B)The entity uses object classification budgeting techniques.
C)The entity uses zero-base budgeting techniques.
D)The entity uses priority-based budgeting techniques.

Question

Help,Inc. ,a not-for-profit entity dedicated to providing assistance to the needy,has submitted to its governing body a budget that includes the following budgeted expenditures. $$\begin{array} { l l } 
\text { Nutrition } & \$ 250,000 \
\text { Family housing assistance } & \$ 300,000 \
\text { Shelter House } & \$ 200,000 \
\text { Legal aid } & \$ 100,000 \
\text { Medical assistance } & \$ 150,000
\end{array}$$ Which of the following best describes the budgeting practices of this entity?
A)The entity uses program budgeting techniques.
B)The entity uses object classification budgeting techniques.
C)The entity uses zero-base budgeting techniques.
D)The entity uses priority-based budgeting techniques.

Quizplus · Accepted Answer

The entity uses program budgeting techniques as the budgeted expenditures are organized by the specific programs or services they relate to, such as nutrition, family housing assistance, shelter house, legal aid, and medical assistance. Object classification budgeting focuses on the types of spending, such as salaries or supplies, and zero-base budgeting requires reassessing all expenses from zero each year. Priority-based budgeting involves ranking programs or services by importance, which is not evident in this budget.

Help,Inc ,A Not-For-Profit Entity Dedicated to Providing Assistance to the Needy,has