Which of the Following Statements Is (Are) True Regarding the Benefits

question 66

Multiple Choice

Which of the following statements is (are) true regarding the benefits associated with participative budgeting?
(A) Goal congruence by divisions means top management need not be concerned with overall profitability.
(B) Employee motivation and acceptance of goals is enhanced.

• A) Only A is true.
• B) Only B is true.
• C) Both of these are true.
• D) None of these is true.

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Definitions:

Labor-Leisure Choices

The decision-making process that individuals use to allocate their time between working to earn money and enjoying leisure activities.

Equilibrium Wage Rate

The compensation level where labor availability matches labor needs.

Profit-Maximizing

A strategy or approach aimed at achieving the highest possible profit.

Perfectly Competitive

A market structure characterized by many small firms, homogeneous products, and easy market entry and exit, leading to minimal profit margins for the firms.