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:

First Messenger

A signaling molecule that binds to a receptor on the surface of a cell and triggers a biochemical cascade that conveys signals inside the cell.

Second Messenger

Intracellular signaling molecules released by the cell in response to exposure to extracellular signaling molecules.

Type 1 Diabetes

A chronic condition where the pancreas produces little to no insulin, leading to elevated blood sugar levels.

Epidermal Growth Factors

A group of proteins that stimulate cell growth, proliferation, and differentiation by binding to their receptors on the cell surface.