Crown, Inc.administered Its Budget.What Did the Company Do

question 3

Multiple Choice

Crown, Inc.administered its budget.What did the company do?

• A)It prepared the budget one year in advance.
• B)Management used the budget as an aid in achieving projected goals.
• C)The company allowed each level of management to participate in creating the budget.
• D)Management estimated its sales for the budget period.

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Definitions:

Historical Organizational Indices

Measurements or indicators derived from an organization's past performance data to guide decision-making.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from all members and is used to generate and evaluate ideas.

Define the Question

The process of clearly specifying the problem or issue to be addressed, serving as a critical first step in researching or making decisions.

Nominal Group Technique

The Nominal Group Technique is a structured method for group brainstorming that encourages contributions from all participants and is used to generate and prioritize ideas.