Line-Item Budgeting Systems Are Characterized by the Use of All

question 33

Multiple Choice

Line-item budgeting systems are characterized by the use of all EXCEPT which of the following:

• A) standardized budget formats.
• B) common budget definitions.
• C) common lines of expenses or revenues.
• D) a structured budgetary process.

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Definitions:

Closed Systems

Organizations or processes that are self-contained and do not interact or exchange matter with their environment.

Three Needs

A psychological theory suggesting there are three primary needs that motivate human behavior: the need for achievement, affiliation, and power.

Federated Organization

A type of organization characterized by a central governing body connected to independent units or member entities, allowing for both centralized control and decentralized operations.

Takeovers

The acquisition of control over a company by another entity, typically through the purchase of a majority of its stock shares.