Chapter 12 - Partial Budgeting Flashcards
1
Q
partial budget
A
provides a formal and consistent method for calculating
the expected change in profit from a proposed change in the farm
business
2
Q
Additional costs
A
New costs to be incurred because of a change
3
Q
Reduced revenue
A
Revenue given up because of the change
4
Q
Additional revenue
A
New revenue because of the change
