The Main Method of Budget Control Is Having Expenditures Centralized

question 41

True/False

The main method of budget control is having expenditures centralized and at least two people responsible for it.

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Definitions:

Positive Synergies

The beneficial effects or outcomes that result from the cooperation or merger of two or more entities or processes.

Contracting Efficiencies

Improvements in performance or cost savings achieved through outsourcing or entering into contracts for services.

Agency Costs

Expenses stemming from conflicts of interest between principals (owners) and agents (managers) in a corporation.