The advertising manager looked at the advertising statistics on his desk that detailed how much money his competitors had spent on advertising this year. He decided to set his advertising budgets for next year based on competitive spending levels. This is the task method of budgeting.

Question

Quizplus · Accepted Answer

The task method of budgeting involves setting budgets based on specific objectives and tasks needed to achieve them, not on competitors' spending levels.

The Advertising Manager Looked at the Advertising Statistics on His