The most commonly utilized method of budget determination by large firms is the:
A)competitive parity method.
B)objective and task method.
C)percentage of sales method.
D)arbitrary allocation method.
E)affordable method.

Question

Quizplus · Accepted Answer

The percentage of sales method is commonly used by large firms because it is simple to apply and aligns the budget with the company's revenue, making it easier to manage and justify.

The Most Commonly Utilized Method of Budget Determination by Large