A Company's Operating Budget Must Be Both

question 85

Multiple Choice

A company's operating budget must be both:

• A) strategy-driven in order to amply fund the performance of key value chain activities and lean in order to operate as cost effectively as possible.
• B) risk-averse,so as not to run the risk of inadvertently creating barriers to building the needed competencies and capabilities,and best practices-driven to drive continuous improvement.
• C) employee-driven to gain commitment to strengthening the company's core competencies and competitive capabilities and profit-driven to ensure adequate financial resource allocations.
• D) action-driven in order to reflect a sense of activity and lean in order to operate efficiently.
• E) All of these.

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Definitions:

Emerging Risks

Potential threats or dangers that are newly developing or becoming more significant in a particular industry or environment.

Federal Trade Commission

A government agency established to prevent fraudulent, deceptive, and unfair business practices in the marketplace.

Abuse Of Discretion

An error in judgment by a court in making a decision that is clearly against logic or reasoning, often implying a lack of legal justification.

Subpoena

A legal document ordering an individual to appear in court or to produce documents or evidence under a penalty for failure.