Which of the Following Is a Benefit of Participative Budgeting

question 124

Multiple Choice

Which of the following is a benefit of participative budgeting?

• A) Employees tend to be more motivated to achieve the budget.
• B) A twelve-month planning horizon is maintained at all times.
• C) Budget planning is highly centralized.
• D) Communication is clearer because it flows in only one direction-upward.

Comprehend the concept and importance of open innovation in contemporary business.

Identify methods to increase creativity and innovation within organizations.

Understand the importance of external collaboration and web-enabled input for innovation.

Grasp the concept of creative deviance and its significance within organizations.

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Definitions:

Crisis Recovery Stage

The phase in crisis management where an organization works to restore stability, rebuild reputation, and implement changes to prevent future crises.

Social Responsibility

The idea that businesses and individuals should act ethically and contribute positively to the welfare of society.

Benoit's Theory

A communication theory by William L. Benoit focusing on image repair discourse, outlining strategies individuals or organizations use to mitigate damage to their reputation.

Crisis

A significant and unexpected event that threatens an organization's operations, reputation, or stakeholders, requiring immediate response.