At the start of the year, the marketing department of a large corporation was given a budget of $92,000 to spend. Actual spending amounted to $63,000 on advertising. Actual spending represents 87% of their budget.

Question

Quizplus · Accepted Answer

Actual spending of $63,000 represents approximately 68.48% of their budget, not 87%. Calculation: ($63,000 / $92,000) * 100 = 68.48%.

At the Start of the Year, the Marketing Department of a Large