LPM-0073
QUESTION
Budgeting, a tool of dairy farm management includes?
OPTIONS
(A) Partial budgeting
(B) Annual budgeting
(C) Comparative budgeting
(D) All of these
ANSWER
(D) All of these
EXPLANATION
Dairy farm budgeting can include partial budgeting for changes in individual enterprises, annual budgeting for overall yearly planning, and comparative budgeting for evaluating alternative plans. Because all three are recognized budgeting approaches used in farm management, all of these is correct.
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