When a Division Manager Is Given an Operating Budget of $2.2

question 80

Multiple Choice

When a division manager is given an operating budget of $2.2 million for the coming year and is evaluated on the basis of the amount of goods that can be produced within that budget, this is called:

• A)an expense budget approach
• B)a capital budget approach
• C)a cash flow budget approach
• D)a profit budget approach
• E)a revenue budget approach

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Definitions:

Information Technology (IT)

involves the use of computers, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Democratizes

The process of making systems, processes, or information accessible and participatory to all, often involving the distribution of power away from a central authority.

Invisible Assets

Non-physical resources that have economic value, such as brand reputation, intellectual property, or human capital.

Flexibility of Work

The degree to which a job allows for changes in work hours, location, and patterns to accommodate employees' needs and preferences.