Which of the Following Statements About Budgeting Is INCORRECT

question 79

Multiple Choice

Which of the following statements about budgeting is INCORRECT?

• A)Budgets help to coordinate the activities of the entire organisation.
• B)Budgeting is an accounting function and does not need involvement of operations personnel.
• C)Budgets promote communication and coordination between departments.
• D)Budgeting is an aid to planning and control.

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Definitions:

Mediation Strategies

Techniques and methods used by a mediator to facilitate negotiation and encourage agreement between disputing parties.

Disputing Parties' Aspirations

The hopes, desires, or goals that individuals or groups in conflict seek to achieve through negotiation or mediation.

Common Ground

Common ground in negotiations refers to the shared interests, beliefs, or values that can be used as a foundation for building an agreement.

Inaction Strategy

a deliberate choice to not act or intervene in a situation as a form of strategic decision-making.