Revision of a Completed and Approved Budget

question 23

Multiple Choice

Revision of a completed and approved budget:

• A) Should be conducted whenever actual events differ significantly from those envisioned when the budget was prepared.
• B) Reduces employee commitment to achieve budgeted performance.
• C) Should be discouraged.
• D) May discourage diligence in its initial preparation.
• E) Is never needed under Kaizen budgeting.

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Definitions:

Vehicle Lamp

A lighting device mounted on vehicles, including headlights, tail lights, and signal lights, enhancing visibility and communication.

LED

A Light Emitting Diode is a semiconductor device that emits visible light when an electric current passes through it, widely used in displays and lighting.

HID

High Intensity Discharge, a type of lighting that produces light through an electrical discharge between two electrodes in a gas-filled tube, commonly used for vehicle headlights.

HID Headlamp

High-Intensity Discharge headlamps use gas discharge to produce a brighter, more energy-efficient light than traditional halogen bulbs.