Which of the Following Is Not an Element of a Sound

question 37

Multiple Choice

Which of the following is not an element of a sound budgeting culture?

• A) Must expend all the budget before year end
• B) Regular budgets
• C) Responsibility accounting
• D) Continuous review of budgets

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Definitions:

Risk

The possibility of facing harm or loss when engaging in an activity or making a decision.

Time Pressure

The stress and sensation of urgency induced by the belief that there is not enough time to complete a task or meet a deadline.

Z Problem-Solving Model

A structured approach to address and solve problems by systematically considering various aspects and solutions, ensuring thorough analysis and decision-making.

Gathering Information

The process of collecting data or insights to inform decisions or understand situations.