A Characteristic of a Good Budget Is

question 108

Multiple Choice

A characteristic of a good budget is

• A)that it is easy to understand by top management.
• B)that is encompasses every account in the firm's accounting system.
• C)that management is satisfied that it will provide shareholders with an adequate return on their investment.
• D)that it is easy to understand and communicate to all within the firm.

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Definitions:

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory of psychosocial development across eight stages in life.

Developmental Stages

The distinct phases through which individuals typically pass as they grow and mature, each stage marked by specific developmental tasks.

Social Environment

The context of an individual's surroundings that is made up of various social factors and structures, including family, community, and cultural norms.

Conflicts

Situations or internal dilemmas that arise when incompatible demands, needs, or goals occur between or within individuals.