Which of the Following Would Not Be Considered an Aspect

question 113

Multiple Choice

Which of the following would not be considered an aspect of budgetary control?

• A) It assists in the determination of differences between actual and planned results.
• B) It provides feedback value needed by management to see whether actual operations are on course.
• C) It assists management in controlling operations.
• D) It provides a guarantee for favorable results.

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Definitions:

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, indicating the cost per unit of output.

Operation Size

The scale or scope of a business's activities, ranging from small, single-location operations to large, multinational corporations.

Diseconomies of Scale

A situation where a company or organization grows so large that the costs per unit increase.

Long-run

A period in economics sufficient for all markets to adjust to changes, including those made in physical capital or production capacities.