Which of the Following Is Not an Objective of Budgeting

question 29

Multiple Choice

Which of the following is not an objective of budgeting?

• A) Assigning decision rights.
• B) Establishing prices for the internal transfer of goods and services.
• C) Motivating managers to use resources efficiently.
• D) Improving customer relations.

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Definitions:

Skill-Based Pay

A compensation system where employees are paid based on their skills, competencies, or acquired certifications, rather than their job title or position.

Flexible Benefits

An employee benefits plan that allows workers to choose from a variety of pre-tax benefits to create a package tailored to their personal needs and preferences.

Monetary Based

Relating to, involving, or existing in the form of money.

Merit Pay

A compensation strategy that involves giving pay increases or bonuses to employees based on their performance achievements.