1. All department heads are required to re-justify their fiscal needs annually during the budget cycle. Budget allocations are made accordingly. This is a description of which of the following types of budgeting?
a. Incremental budgeting.
b. Perpetual budgeting.
c. Zero-based budgeting
d. Managed care budgeting.
2. What is relevant range?
3. Give two examples of costs that are variable costs and two examples of fixed costs.