A Budget

question 69

Multiple Choice

A budget

• A)can be a means of communicating a company's objectives to external parties.
• B)facilitates coordination of activities within the business but is a poor tool for evaluating performance.
• C)is more beneficial if accepted by lower level management.
• D)represents management's performance in financial terms.

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Definitions:

Operation Manual

A document containing instructions and guidelines on how to perform operations or tasks within an organization or for a specific equipment.

Reciprocal Method

An accounting technique used to allocate support department costs to producing departments, considering the mutual services exchanged between support departments.

Training Department

A specialized group within an organization focused on enhancing employee skills, knowledge, and performance.

Polishing Department

A division within a manufacturing process focused on refining, smoothing, or finishing products or components to specified standards.