If Budgets Are to Be Effective There Must Be

question 204

Multiple Choice

If budgets are to be effective there must be

• A) a history of successful operations.
• B) independent verification of budget goals.
• C) an organizational structure with clearly defined lines of authority and responsibility.
• D) excess plant capacity.

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Definitions:

Operations

The day-to-day activities and administrative processes required for the smooth functioning and management of a business or organization.

Receptive Audience

An audience that is open and willing to listen, understand, and accept the message being communicated.

Open-Ended Questions

Inquiries designed to encourage a full, meaningful answer using the respondent's own knowledge and/or feelings, beyond a simple yes or no.

Regulation Authorities

Organizations or governmental bodies responsible for overseeing and enforcing laws and standards within specific industries or sectors to ensure compliance and protect public interests.