The Practical Importance of Budgets Is That

question 37

Multiple Choice

The practical importance of budgets is that

• A)senior executives and divisional managers are held accountable against the figures in these budgets.
• B)the CEO is accountable to shareholders and analysts against these detailed predictions.
• C)the individual figures don't matter, it is the process by which the numbers were reached that matters.
• D)a and b.

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Definitions:

Date and Time Stamp

A digital record that indicates the specific date and time at which an event occurred or a document was created, modified, or accessed.

EHR System

Electronic Health Records system, a digital version of a patient's paper chart, making health information more accessible and streamlining the care process.

Interoperability Standards

Agreed-upon protocols and guidelines that enable different information technology systems and software applications to communicate and exchange data efficiently.

National Alliance

A coalition or union formed between parties or groups at a national level, commonly for political, social, or economic purposes.