Which of the Following Is NOT an Advantage of Budgeting

question 46

Multiple Choice

Which of the following is NOT an advantage of budgeting?

• A)It forces managers to plan.
• B)It provides resource information that can be used to improve decision making.
• C)It aids in the use of resources and employees by setting a benchmark that can be used for the subsequent evaluation of performance.
• D)It provides organizational independence.

Understand the concept of anticipatory emotions and their role in goal achievement.

Describe the elements of strong organizational commitment.

Identify and differentiate between positive and negative emotions.

Understand the effects of positive emotions on personal well-being and performance.

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Definitions:

Externalities

Costs or benefits that affect a party who did not choose to incur that cost or benefit, often leading to market failure if not corrected by government intervention.

Marginal Cost

The boost in expenditure due to producing an additional unit of a product or service.

Coase Theorem

A principle that suggests that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.

Private Parties

Individuals or entities that operate privately, not part of or affiliated with government organisations.