Budgets Are Usually

question 64

Multiple Choice

Budgets are usually:

• A)short-run supplements to the strategic plans.
• B)quarterly updates to the annual operating plans.
• C)especially important in stable industries.
• D)usually done in great detail by small businesses.

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Definitions:

Creativity

The ability to generate new and original ideas, solutions, or approaches to problems.

Founding Team

The group of individuals who start a company, providing the initial vision, strategy, and effort to launch the business.

Hands Off Approach

A management style or method where individuals are given the freedom to work and make decisions independently, without much direct supervision or intervention.

Responsibility

The obligation or duty to properly perform or manage a specific task, action, or role.