The task method of budgeting bases the budget on the job to be done now, not on what was spent in the past.

Name: The task method of budgeting bases the budget on the job to be done now, not on what was spent in the past.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is true. The task method of budgeting focuses on budgeting for the specific tasks or jobs that need to be done in the current period, rather than simply basing the budget on what was spent in the past.

The Task Method of Budgeting Bases the Budget on the Job