A Major Element in Budgetary Control Is

question 107

Multiple Choice

A major element in budgetary control is

• A) the preparation of long-term plans.
• B) the comparison of actual results with planned objectives.
• C) the valuation of inventories.
• D) approval of the budget by the stockholders.

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Definitions:

Metric

A quantitative measure used to assess performance, progress, or quality of a product, process, or service.

Measure

The process of quantitatively assessing performance, characteristics, or quality of products, services, or processes, typically by using specific tools and metrics.

Supply Chain Financial Impact

The effect that supply chain operations and efficiency have on the financial health and profitability of a company.