Which of the Following Is True of Master Budgets

question 160

Multiple Choice

Which of the following is true of master budgets?

• A) They include only financial aspects of a plan and exclude nonfinancial aspects.
• B) Includes both financial and nonfinancial aspects of management's plans.
• C) They aid in quantifying the expectations of all stakeholders.
• D) They must be administered rigidly after they are committed to.

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Definitions:

Hull House

A settlement house founded by Jane Addams and Ellen Gates Starr in 1889 in Chicago, aimed at improving the lives of the immigrant population.

Settlement Houses

Community centers situated in poor urban areas, aimed at providing education, recreational facilities, and social services to immigrants and the working class.

Henry George

A 19th-century American economist known for his advocacy of a single tax on land value to improve social inequalities.

Oregon System

Refers to a set of political reforms in the early 20th century in Oregon, including the initiative and referendum processes, aimed at increasing public participation and reducing corruption.