Which of the Following Is the Most Frequently Used Budget

question 211

Multiple Choice

Which of the following is the most frequently used budget periods used in business?

• A) a basic budget period of 1 year often subdivided into semi-annual periods
• B) a basic budget period of 2 years often subdivided into quarters and semi-annual periods
• C) A basic budget period of 2 years subdivided into monthly periods
• D) a basic budget period of 1 year often subdivided into quarters and months

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Definitions:

Bureaucracy

A large, impersonal organization composed of many clearly defined positions arranged in a hierarchy. A bureaucracy has a permanent, salaried staff of qualified experts and written goals, rules, and procedures. Staff members always try to find ways of running the bureaucracy more efficiently.

Business

Economic activities that involve providing goods or services with the motive of earning profit.

Salaried Staff

Employees who receive a fixed compensation regularly (usually monthly or biannually) regardless of the number of hours worked.

Bureaucracy

A structured organizational system characterized by fixed hierarchical levels, a focus on procedural correctness, and a division of responsibilities designed to streamline operations and decision-making.