Budgeting Competency Requires the Ability to

question 11

Multiple Choice

Budgeting competency requires the ability to

• A) Define the production system
• B) Quantify expected operations in dollars
• C) Analyze actual results in light of the budget to determine where costs were better or worse than expected
• D) All of the above

---

Definitions:

Collaborative Computing

Technology-enabled processes that allow individuals and teams to work together more effectively, often in real-time, regardless of physical location.

Stakeholder Audit

An assessment process to identify and evaluate the interest, power, and influence of various stakeholders in relation to an organization’s objectives.

Knowledge Management

The method of acquiring, sharing, and efficiently leveraging information across a company.

Collaborative Computing

The use of technology to enable people to work together more effectively, including tools and software that support communication, shared information, and joint projects.