Budgets Are Used To

question 50

Multiple Choice

Budgets are used to:

• A)Enable various departments to coordinate their activities in a way that benefits the company as a whole.
• B)Highlight linkages among departments and force each department to consider how its actions influence the actions of other departments.
• C)Communicate the plan targets to everyone in the organization.
• D)A and C only.
• E)All of the above are reasons budgets are used.

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Definitions:

Manufacturer

A business that uses raw materials, components, or parts to make a finished product that can be sold in the marketplace.

Retailer

A business or person that sells goods to consumers for personal or household use.

Faulty Design

A flaw in the planning and execution of a product, building, or system that leads to it not functioning as intended.

After Sales Service

Support provided by a company after a customer has purchased a product, including maintenance, repair services, and assistance.