Which of the Following Statements Concerning the Budget Director Is

question 28

Multiple Choice

Which of the following statements concerning the budget director is false?

• A)The budget director is often an organization's controller.
• B)The budget director has the responsibility of specifying the process by which budget data will be gathered.
• C)The budget director collects information and prepares the master budget.
• D)The budget director communicates budget procedures and deadlines to employees throughout an organization.
• E)The budget director usually has the authority to give final approval to the master budget.

---

Definitions:

Hazardous Products Act

Legislation that regulates the sale, advertisement, and importation of hazardous products to ensure public safety.

Strict Liability

Responsibility for loss regardless of the circumstances.

Advertised Price

The price of a product or service that is publicly promoted or communicated to potential customers.

House Brand

A product that is marketed and sold by a retailer under its own brand name, as opposed to a brand name owned by a supplier.