A Major Element in Budgetary Control Is

question 107

Multiple Choice

A major element in budgetary control is

• A) the preparation of long-term plans.
• B) the comparison of actual results with planned objectives.
• C) the valuation of inventories.
• D) approval of the budget by the stockholders.

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Definitions:

Judiciary

The system of courts that interprets and applies the law in the name of the state, ensuring justice is administered.

Federalists

Federalists were supporters of the ratification of the U.S. Constitution, favoring a strong centralized government, and were part of the first American political party in the late 18th century.

National Government

The political authority that governs an entire nation, typically consisting of executive, legislative, and judicial branches.

Institutional Incentive

Motivations or rewards structured within organizations or systems, encouraging particular patterns of behavior among their participants or members.