A Savings of $5,000 Resulting from Data Entry Error Reductions

question 94

Multiple Choice

A savings of $5,000 resulting from data entry error reductions would most likely be classified as a(n) :

• A) intangible benefit.
• B) qualitative benefit.
• C) tangible benefit.
• D) operational benefit.
• E) profitable benefit.

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Definitions:

Budget Procedures

Budget Procedures are systematic processes used by organizations to create a budget, involving estimating revenues, expenses, and allocating resources for various functions.

Financial Budget

A plan for an organization's financial resources, detailing income and expenditures over a certain period.

Budget Process

The procedure for creating a budget, including planning, review, approval, implementation, and evaluation of financial plans.

Tandem Bicycles

Bicycles designed for use by two riders positioned one behind the other, requiring coordination for effective operation.