Practice Quiz

Registered Dietitian

Category - Management

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Which of the following is true of a traditional budget?
  1. It uses an existing budget as a foundation for determining future costs.
  2. It is not adjusted for inflation.
  3. It is used primarily for physical plant renovation.
  4. It accounts for yearly depreciation.
Explanation
Answer: A - A traditional budget uses an existing budget as a foundation for determining future costs. Traditional budgets are used in many settings and are always based on the premise that the baseline spending is justifiable.
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