All of the Following Are Advantages Associated with the Objective-And-Task

question 74

Multiple Choice

All of the following are advantages associated with the objective-and-task approach EXCEPT:

• A) The budgeting process is less of a hindrance
• B) The ability to better examine the effectiveness of a strategy
• C) The fact that it is strategy-driven
• D) The fact that it is learning based
• E) The fact that budget is based on cash flow which is in turn based on sales

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Definitions:

User Costs

The expense of using a good or service, including both the actual cost of obtaining it and the opportunity cost of forgoing the next best alternative.

Nonrenewable Resource

A natural resource that cannot be replenished at the same rate it is consumed, such as fossil fuels, minerals, and certain metals.

Future Profits

Anticipated earnings or profits that a business expects to generate in the future based on current plans and projections.

Current Extraction

The process of removing natural resources from the environment for immediate use.