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:

Litigation

The process of taking legal action; the act of contesting a case in a court of law.

Mediation

A form of alternative dispute resolution where a neutral third party assists in reaching a mutually acceptable agreement between disputing parties.

Online Disputes

Conflicts or disagreements that arise in the virtual environment and can be resolved through electronic negotiation or mediation platforms.

Juries

Groups of citizens selected to make a decision or judgment in a legal proceeding, typically in a trial.