____ Organizations Constrain Individual Initiative and Action by Tightly Regulating

question 14

Multiple Choice

____ organizations constrain individual initiative and action by tightly regulating controls and procedures throughout the company.

• A) Autocratic
• B) Meritocratic
• C) Social Club
• D) Antiquated

---

Definitions:

Master Budget

The master budget is a comprehensive financial planning document that consolidates all of a company's individual budgets, outlining its financial goals and plans.

Merchandising Company

A type of business that purchases finished goods for resale, making profits by selling these products at higher prices than their purchase costs.

Purchases Budget

A financial plan that estimates the cost and amount of goods or materials a company needs to buy over a specific period to meet its operational goals.

Sales Budget

A detailed projection of a company's sales for a future period, typically broken down by product line, region, or sales team.