What Is Budgetary Control

question 184

Multiple Choice

What is budgetary control?

• A) Another name for a flexible budget
• B) The degree to which the CFO controls the budget
• C) The use of budgets in controlling operations
• D) The process of providing information on budget differences to lower level managers

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Definitions:

Obstructionist Strategy

A strategy where a business or individual actively resists or tries to block proposed changes or developments.

Utilitarian View

A philosophical approach that emphasizes the greatest good for the greatest number, often used in ethical decision-making.

Ethical Behaviour

Conduct that is consistent with what is considered to be right or morally good, defined by the standards and principles of a society or organization.

Social Responsibility Audit

A process of evaluating a company's commitment and performance towards social and environmental responsibilities.