A Budget That States How Managers Intend to Use Organizational

question 15

Multiple Choice

A budget that states how managers intend to use organizational resources to achieve organizational goals is known as:

• A)financial budget
• B)capital budget
• C)functional budget
• D)operating budget
• E)master budget

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Definitions:

Purposefully

Acting with a clear intention or aim; deliberately.

Trial-and-Error Experiments

A problem-solving technique that involves testing multiple methods and learning from the mistakes until an effective solution is found.

Sensorimotor Period

The first stage in Piaget's theory of cognitive development, ranging from birth to approximately 2 years of age, where infants learn through sensory experiences and manipulating objects.

World Around Them

The environment and circumstances in which individuals live and interact, encompassing both physical and social aspects.