Activity based budgeting is a budget system based on expected

Asked by admin @ 02/12/2021 in Business viewed by 412 People

Activity-based budgeting is a budget system based on expected activities and their levels for the budget period, which helps management plan for the resources required.

A. True
B. False

Answered by admin @ 02/12/2021

Answer:

True

Explanation:

Budget

This is simply defined as a form of financial plans usually Short-term in nature and they cover a period of one-year. It is a commonly known as a formal statement of an organization's future plans that is expressed in a monetary terms.

Activity-based budgeting

This is a type of a budget system. It is usually based on expected activities. The idea or knowledge of expected activities and their levels for the budget period enables institutions or management to plan for resources needed to perform the activities. It uses a process that is the opposite of activity-based costing. That is, forecasts are made of products and services to be produced, and customers to be served. Thereafter, the necessary activities are planned.

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2737 persons

Activity based budgeting is a budget system based on expected

Similar Questions

Reaction of acids and bases with metals lab activity

Write a note on activity based and target costing

Which activity is an example of a time based goal

Which number system has a base of 16

Which financial activity helps a company based in another country

Based on the expected intermolecular forces, which halogen has the lowest boiling point?

The metric system of measurement is based on units of

The base of the hexadecimal number system is

What is the base of octal number system

What is the base of decimal number system

What is the base of number system in computer

What is the most important activity in system hacking

Traditional volume based product costing system

Five kingdom system of classification is not based on

The metric system is based on powers of what number

Most viewed questions in Business

Foolproof module 9 test answers

Interest rates are expressed as a percentage of

How to enhance knowledge regarding environmental factors through capsim?

Match the job titles with the career clusters.

A company that allows you to license software

Lupe is ready to open a checking account

Mays and mccovey are beer brewing companies

What must be marked on ready to eat bags phfs

Coq six sigma

Henry ford was the first entrepreneur to implement which strategy

Your company was recently served with a lawsuit

Case study starting a business project schedules and curves edgenuity

Which two of the four cs of credit have to do with earning potential and available cash?

The total annual expenditures on advertising in the united states