Examlex

Solved

Budgetary Control Is Not One of the Most Commonly Used

question 69

True/False

Budgetary control is not one of the most commonly used methods of managerial control in an organization.


Definitions:

Profit-Sharing

A system where a portion of a company's profits is distributed to its employees, typically as a form of incentive or bonus.

Pension Benefit Guarantee Corporation

A U.S. government agency that protects the retirement incomes of American workers by insuring defined-benefit pension plans.

Defined-Benefit Retirement Plan

A type of pension plan where an employer promises a specified retirement benefit to employees based on a formula, typically involving years of service and salary history.

Pension Benefit Guarantee Corporation

A U.S. federal agency that protects the pension benefits in private-sector defined benefit plans if the company fails to meet its pension obligations.

Related Questions