One Statement About Budgeting That Is Generally True Is

question 96

Multiple Choice

One statement about budgeting that is generally true is

• A)manufacturing companies spend more time on budgets than do service companies.
• B)service company budgets tend to change only if there is a major increase or decrease in sales levels from year to year.
• C)the budget process is an element of a company's activities and should be used throughout the year to evaluate performance.
• D)the budget process is useful to assure shareholders that their interests will be looked after.

Differentiate between formal and informal organizational structures and their impact on organizational behavior.

Understand that organizational culture can be modified and involves visible aspects like language, stories, rites, rituals, and sagas.

Recognize that innovation and creativity are critical and ongoing processes within successful organizations.

Grasp the basic steps in the process of organizational innovation and differentiate between creativity and feasibility determination.

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Definitions:

Revolutionary Governments

Governments established during or after revolutionary movements which aim to fundamentally change political, economic, or societal structures.

Post-1848 Elections

Electoral processes that took place after the revolutions of 1848, which were a series of political upheavals throughout Europe.

Lamartine

Alphonse de Lamartine was a French writer, poet, and politician who was an influential figure in the early 19th century.

Vive La Liberté

A French phrase meaning "Long live freedom," often associated with the French Revolution and expressions of political or social liberation.