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.

---

Definitions:

Clan Culture

An organizational culture characterized by a family-like atmosphere, where loyalty, tradition, and personal commitment are valued.

Socialization Process

The method through which individuals learn the norms, behaviors, and social skills appropriate to their society or culture.

Clan Culture

A corporate culture model that emphasizes collaboration, trust, and a family-like atmosphere within an organization.

Social Influence

The effect that the words, actions, or mere presence of other people have on an individual's thoughts, feelings, attitudes, or behavior.