Which of the Following Was Created by the Budget and Accounting

question 8

Multiple Choice

Which of the following was created by the Budget and Accounting Act of 1921?

• A) The Bureau of the Budget, later the Office of Management and Budget
• B) The General Accounting Office, later the Government Accountability Office
• C) The Treasury Department
• D) Both a and b

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Definitions:

Departmentalization Scheme

The method an organization uses to segment its operations into specialized units or departments based on function, product, geography, or process.

Process Departmentalization

involves organizing a company's divisions or departments based on the production processes they perform, aiming to enhance efficiency and expertise in those processes.

Business Functions

The variety of activities carried out within a business organization to achieve its objectives, such as marketing, finance, operations, and human resources.

Democratic Leadership

Management approach whereby leaders delegate assignments, ask employees for suggestions, and encourage their participation.