One Statement About Budgeting That Is Generally True Is

question 96

Multiple Choice

One statement about budgeting that is generally true is

• A)manufacturing companies spend more time on budgets than do service companies.
• B)service company budgets tend to change only if there is a major increase or decrease in sales levels from year to year.
• C)the budget process is an element of a company's activities and should be used throughout the year to evaluate performance.
• D)the budget process is useful to assure shareholders that their interests will be looked after.

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Definitions:

Electrical Problems

Issues related to the generation, distribution, and use of electrical power, including faults in electrical circuits, equipment, or appliances.

Automated Methods

Techniques or systems that operate with minimal human intervention, often involving machinery or software, to increase efficiency and accuracy in processes or tasks.

Production Costs

The total expense incurred in manufacturing a product or providing a service, including raw materials, labor, and overhead costs.

Need For Workers

The demand for labor or employees by businesses and industries to perform tasks and produce goods and services.