One Disadvantage of Budgeting Is That Budgeting Makes It More

question 66

True/False

One disadvantage of budgeting is that budgeting makes it more difficult to coordinate the activities of the entire organization.

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Definitions:

Short Run

in economics, refers to a period during which at least one factor of production is fixed, and firms can adjust only the variable factors.

TVC

Total Variable Cost, which refers to all variable expenses that change with the level of output.

Short Run

A period of time in economics during which at least one input is fixed, limiting the ability of the economy or firm to adjust.

TC

stands for Total Cost, which encompasses all costs incurred in the production of goods or services.