Budgeting Does NOT Require

question 54

Multiple Choice

Budgeting does NOT require:

• A)knowledge of the organization's activities.
• B)specialized expertise in financial management and control.
• C)knowledge about how activities affect costs.
• D)the ability to see how the organization's different activities fit together.

---

Definitions:

Ethical Standards

Guidelines or principles designed to govern behavior in a professional or personal setting, based on notions of right and wrong.

Ethical Dilemma

A situation where a person is faced with a decision that involves a conflict between moral imperatives.

Ethical Issue

A dilemma or situation that requires a choice between options that are or seem to be morally right or wrong.

Conflicting Principles

A situation where two or more ethical, legal, or moral guidelines are in opposition to each other, making decision-making complex.