A Budget Is Best Described As

question 37

Multiple Choice

A budget is best described as:

• A) A formal statement of a company's future plans usually expressed in monetary terms.
• B) A master control device.
• C) An informal statement of company's future plans usually expressed in monetary terms.
• D) The most crucial component of a company's evaluation process.
• E) The minimum acceptable performance level.

---

Definitions:

Tolman

Edwin C. Tolman was an American psychologist who made significant contributions to the study of learning and motivation in what came to be known as cognitive maps.

Demand

The desire or need for products, services, or resources combined with the ability and willingness to pay for them.

Food Deprivation

A condition resulting from lack of food intake, leading to physical and psychological effects and often used in experiments to motivate behaviors in animals.

Eyeblink Response

A reflex action where the eyelids close rapidly to protect the eyes, typically triggered by sudden stimuli.