Budgets Are Generally Regarded as Having Several Areas of Usefulness

question 36

Multiple Choice

Budgets are generally regarded as having several areas of usefulness. Which of these is not one of them?

• A) They can be used to allocate direct expenses.
• B) They can facilitate control within the business.
• C) They tend to promote forward thinking.
• D) They help co-ordinate the various sectors of the business.

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Definitions:

SCM

Supply Chain Management; the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Return Component

The part of an investment's total return that results from the gain or loss in the value of the investment.

Received Defective

Term used when goods or products are received in a damaged or malfunctioning state from a supplier or during shipping.

EDI

Electronic Data Interchange, the structured transmission of data between organizations by electronic means.