If Budgets Are to Be Effective All of the Following

question 34

Multiple Choice

If budgets are to be effective all of the following must be present except

• A) acceptance at all levels of management.
• B) research and analysis in setting realistic goals.
• C) stockholders' approval of the budget.
• D) sound organizational structure.

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Definitions:

Knowledge

refers to the facts, information, and skills acquired through experience or education; the theoretical or practical understanding of a subject.

Primary Functions

The basic roles or activities that are essential for an organization or system to operate effectively.

Staffing

The process of hiring, training, and maintaining a workforce to meet the needs and goals of an organization.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.