Multiple Choice
In extending an expense item for the current budget year,an often-used and useful approach is to
A) use last year's figure.
B) use the average of the last three years.
C) use last year's figure plus a usual 10% "fudge factor."
D) adjust last year's figure upwards by this year's expected inflation.
Correct Answer:
Verified
Correct Answer:
Verified
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