Which Statement Is Not True Concerning the Development of a Budget

question 144

Multiple Choice

Which statement is not true concerning the development of a budget?

• A)It is a means of planning for management.
• B)It often involves communication with and input from department managers.
• C)It enhances communication and coordination among managers.
• D)It is created by the budget committee.

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Definitions:

Collaborative

Working together with one or more people in order to achieve a goal, characterized by mutual respect and contribution.

Having Authority

The power or right to give orders, make decisions, and enforce obedience.

Socioeconomic Status

A measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Financially Supporting

Providing monetary resources to aid someone or something, such as a family member, a cause, or an organization.