Which of the Following Statements Regarding the Objective and Task

Multiple Choice

Which of the following statements regarding the objective and task method of determining expenditure levels for selling expense categories is true?

A) It is probably the most popular method for establishing selling budgets.
B) This method calculates an expenditure level for each category by multiplying an expenditure percentage times forecasted sales.
C) This method uses typical expenditure percentages provided by readily available published sources.
D) Each sales manager prepares a separate budget request; these are reviewed and through an iterative process selling budgets are approved.
E) This method separates out the major accounts, which are then budgeted for individually.