Question

As a sales manager, Magic Johnson was given the following static budget for selling expenses. What is the budget for selling expenses?

1) E 24-8
2) Cannot be determined
3) Not enough information provided
4) Other

Answer 1

Without additional information about the budget amounts or categories, the budget for selling expenses given to Magic Johnson cannot be determined. Therefore, the answer is 'Cannot be determined.'

Step-by-step explanation:

The budget for selling expenses given to Magic Johnson cannot be determined based on the information provided. Without additional information about the budget amounts or categories, the budget for selling expenses given to Magic Johnson cannot be determined. Therefore, the answer is 'Cannot be determined.'

A static budget is a fixed budget that does not change with the actual level of output or sales. Without additional details such as the amounts or budget categories, it is impossible to specify the budget for selling expenses. Option 2, 'Cannot be determined,' is the correct answer to this question, as there is not enough information provided to accurately define the budget.