Which One of the Following Is an Advantage of Using

question 34

Multiple Choice

Which one of the following is an advantage of using participative budgeting?

• A)It is updated daily to reflect current activity.
• B)It assures the company is operating at the activity level of the master budget.
• C)It allows companies to compare the current with the previous year.
• D)Lower level managers are more likely to perceive budgets as fair.
• E)Lower level managers are more likely to perceive budgets as unfair.

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Definitions:

Modernization

The process of adopting newer methods, ideas, and technologies in various aspects of society, aiming for progress in economic, social, and cultural domains.

Traditional Societies

Traditional societies are characterized by a predominantly agrarian and non-industrial culture with social structures and norms defined by customs, traditions, and often, religious beliefs.

Accommodation

In anthropology, refers to an adaptation process by which a people resists assimilation by modifying its traditional culture in response to pressures by a dominant society in order to preserve its distinctive ethnic identity.

Acculturation

The massive cultural change that occurs in a society when it experiences intensive firsthand contact with a more powerful society.