A Budget Is Most Likely to Be Effective If

question 68

Multiple Choice

A budget is most likely to be effective if

• A) it is used to assess blame when things do not occur according to plans.
• B) it is not used to evaluate a manager's performance.
• C) employees and managers at the lower levels do not get involved in the budgeting process.
• D) it has top management support.

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Definitions:

Federal Preemption

A principle asserting the supremacy of federal legislation over state legislation when both pertain to the same matter.

Concurrent Authority

Jurisdiction that is shared by different government bodies or courts, allowing more than one entity the power to regulate or enforce laws in the same area.

Doctrine

A principle or policy adopted in law or by an organization to guide decision-making and actions.

Full Faith And Credit Clause

The clause of the U.S. Constitution (Article IV, Section 1) mandating that each state must recognize, respect, and enforce the public records, legislative acts, and judicial decisions of the other states.