Oracle Hyperion Planning 11 Essentials Quiz 05 15Nov24 - Practice Quiz

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Question 1 of 30

A company has a total budget of $B = 1,000,000$. The first level of approval requires 30% of the total budget, the second level requires 20% of the remaining budget after the first approval, and the third level requires 25% of the remaining budget after the second approval. What is the total amount approved after all three levels of the approval process?

$A_1 + A_2 + A_3 = 300,000 + 140,000 + 107,500 = 547,500$

$A_1 + A_2 + A_3 = 300,000 + 120,000 + 90,000 = 510,000$

$A_1 + A_2 + A_3 = 300,000 + 150,000 + 100,000 = 550,000$

$A_1 + A_2 + A_3 = 300,000 + 160,000 + 80,000 = 540,000$

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