Imagine a small retailer saying, "Well, after budgeting for all of our expenses for next year, we still have about $7500 remaining for emergencies.Let's budget 20 percent of that amount for advertising." What budgeting technique is the small retailer using?
A) percentage of sales budgeting
B) all-you-can-afford budgeting
C) competitive parity budgeting
D) objective and task budgeting
E) relative scale budgeting
Correct Answer:
Verified
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