Activity-Based Budgeting

question 48

Multiple Choice

Activity-based budgeting

• A)focuses on processes that result in output.
• B)focuses on eliminating nonvalue-added activities.
• C)focuses on the best use of capacity.
• D)All of the above are correct.

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Definitions:

Culture

A set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Static

Refers to something that is fixed, unchanging, or lacking in movement.

Preferred Beliefs

Ideals or convictions that individuals prioritize or hold in high regard due to personal values, experiences, or desires.

Hierarchy

An arrangement or institution where individuals or entities are hierarchically positioned above or below others based on their status or power.