Which of the Following Is a Benefit of a Budget

question 25

Multiple Choice

Which of the following is a benefit of a budget?

• A)It communicates a clear understanding of business objectives,and staff's responsibilities and constraints within the business
• B)It provides a benchmark against which performance can be measured,and variations between planned and actual performance can be investigated
• C)It can be used as a measure to evaluate the performance of mangers and staff
• D)All of the above

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Definitions:

Erikson's Developmental Crisis

A concept identifying critical stages in human development, each presenting a distinct challenge or conflict that individuals must resolve to progress healthily.

Middle Childhood

A developmental stage that typically covers the period from around 6 to 12 years of age, characterized by significant growth in cognitive, emotional, and social domains.

Industry Versus Inferiority

Erikson’s fourth stage of psychosocial development, in which children must learn the productive skills their culture requires or else face feelings of inferiority.

Global Self-Worth

Refers to a person's overall evaluation or appraisal of their own value or worth as an individual.