As a Control Mechanism, a Budget Can Be a Cost-Containment

question 6

True/False

As a control mechanism, a budget can be a cost-containment tool that helps keep costs in line with available resources.

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Definitions:

Leaders

Individuals or groups that guide or influence others in achieving goals and inspiring positive changes in their communities or organizations.

Need for Power

A psychological drive that motivates individuals to seek control, influence, or authority over others or situations.

Employees

Individuals who are hired by an employer to perform specific duties in exchange for compensation, forming the workforce of a business or organization.

Satisfaction

The feeling of fulfillment or contentment that comes from achieving a desire, expectation, or goal.