"Backward looking" budgets are typically based on ________.
A) forecasts
B) marketing research
C) future trends
D) historical data
E) current market conditions

Name: "Backward looking" budgets are typically based on ________. A) forecasts B) marketing research C) future trends D) historical data E) current market conditions
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Question

Quizplus · Accepted Answer

Backward looking budgets are based on historical data. They use past financial performances and statistics to create a budget for the future.

"Backward Looking" Budgets Are Typically Based on ________