Which of the Following Is Not a Reason Why Firms

question 26

Multiple Choice

Which of the following is not a reason why firms use budgets?

• A)Performance evaluation.
• B)Coordination.
• C)Planning.
• D)Operating leverage.
• E)All of the above are reasons why firms use budgets.

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Definitions:

Attribute

Is a quality, characteristic, or property that defines or distinguishes an entity, object, or individual.

Stereotyping

The act of assigning generalized characteristics or behaviors to all members of a group, based on preconceived notions or simplistic generalizations.

Perceptual Distortion

A psychological phenomenon where an individual's perception of reality is inaccurately perceived due to cognitive biases or environmental factors.

Oversimplified Attributes

Characteristics or features of an object or situation described in a manner too simplistic, ignoring complexity or nuances.