Carlos Was New to His Organization but Quickly Noticed a Pattern

question 60

Multiple Choice

Carlos was new to his organization but quickly noticed a pattern at the annual budgeting session.Mid-level managers were asking for unrealistically high budgets while top management was attempting to require budgets under last year's actual expenditures.The management's strategies are referred to as

• A)budget breakdowns.
• B)bureaucratic budgeting.
• C)budget resistance.
• D)tactical behaviors.
• E)rigid behaviors.

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Definitions:

Production Possibilities Frontier

A curve representing the maximum combination of goods or services that can be produced with a fixed set of resources and technology.

Utility

In economics, utility means the total satisfaction received from consuming a good or service.

Competitive Equilibrium

is a condition in a market where supply equals demand, with prices becoming stable at this point.

Capital Input

The resources used in the production process, including buildings, machinery, and equipment.