Critics (for example, The Beyond Budgeting Roundtable) of traditional budgeting assert that the budgeting process:

When considering whether to replace the building roof, the total amount paid for previous roof repairs is relevant to the business decision

Indicate whether the statement is true or false

If a private elementary school having a single building were to lose the building in a tornado, it is likely that the largest category of loss would be:

A) property taxes B) indirect loss of income and continuing expenses until school returns to its normal status C) liability loss D) key personnel loss