The major advantage of the ______ method is that the budget is derived by the objectives to be attained.
A) ROI
B) competitive parity
C) objective and task
D) percentage of sales

Question

Quizplus · Accepted Answer

The objective and task method involves setting specific goals and identifying the tasks necessary to achieve those goals. This allows for a more strategic and goal-oriented approach to budgeting, as opposed to simply allocating a percentage or matching a competitor's spending. By tying the budget directly to the desired objectives, companies can ensure that resources are being used effectively and efficiently.

The Major Advantage of the ______ Method Is That the Budget