A Budget Serves as Much as a Control Tool as a Planning

question 37

Multiple Choice

A budget serves as much as a control tool as a planning tool because ________.

• A) it aids in the coordination and communication among various business functions
• B) it helps to evaluate customer needs and feedback
• C) it is a benchmark against which actual performance can be compared
• D) it helps to make predictions about the future

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Definitions:

Logical Reasoning

The process of using structured, coherent, and systematic steps to arrive at conclusions or solve problems.

Classify

The act of organizing or sorting items into categories based on shared qualities or characteristics.

Egocentrism

The inability to differentiate between one's own perspective and another person's perspective.

Accommodation

The cognitive process of revising existing cognitive schemas, perceptions, and understanding so that new information can be incorporated.