If Brenda Thompson, Tom Mix's Supervisor, Wanted to Use a Budgeting

question 9

Multiple Choice

If Brenda Thompson, Tom Mix's supervisor, wanted to use a budgeting process to help evaluate Tom's performance but wanted to ensure that using a budget did not encourage Tom to focus on short-term behaviors at the expense of long-term results, she should

• A) develop the budget herself using realistic goals based on the economic reality facing Tom's function and use both quantitative and qualitative evaluations of the performance of Tom's function and then give the budget to Tom to follow.
• B) work with Tom in an open and participative process to develop the budget based on the most optimistic scenario possible and use both quantitative and qualitative evaluations of the performance of Tom's function.
• C) develop the budget herself based on the most pessimistic scenario possible and use both quantitative and qualitative evaluations of the performance of Tom's function and then give the budget to Tom to follow.
• D) work with Tom in an open and participative process to develop the budget based on the economic reality facing Tom's function and use both quantitative and qualitative evaluations of the performance of Tom's function.

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Definitions:

Financial Concepts

Fundamental categories and principles that form the basis for financial analysis, planning, and decision-making.

Control the Message

A strategy employed in communication and public relations to influence how a particular message is perceived by the audience.

Mobile Communication

A form of communication that occurs over mobile devices, such as smartphones and tablets, allowing users to share information across distances without being physically connected.

Oral Medium

A means of communication through spoken words, including face-to-face conversations, lectures, radio broadcasts, and oral presentations.