A Budget Serves Several Purposes for the Institution and the Individual

question 27

Multiple Choice

A budget serves several purposes for the institution and the individual supervisor, including:

• A) Being a quantitative expression of the institution's operating intentions.
• B) Providing a means of scheduling employees.
• C) Identifying positions that could be eliminated.
• D) Relieving the supervisor of concern for ongoing expenditures.

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Definitions:

Organization's Culture

The shared values, beliefs, customs, and practices that influence the behavior and actions of members within an organization.

Layoffs

The action of dismissing employees, typically as a cost-saving measure or due to economic downturns, restructuring, or changes in business strategy.

Productivity

Measures the efficiency of production or the amount of output per unit of input in a given time period.

Remaining Employees

The employees who continue to work for an organization after others have left, often after layoffs or voluntary departures.