A Manager Can Install a Budgeting System to Replace the Old

question 4

Multiple Choice

A manager can install a budgeting system to replace the old accounting system and to develop formal planning methods.Which of the following is not a correct statement or benefit of implementing the new budgeting system to trace costs?

• A)It compels managers to plan ahead.
• B)It compares actual to budgeted information.
• C)Managers learn and take action to make different decisions to improve firm performance.
• D)Managers can take corrective action with information discovered from budgeting.
• E)Time spent on implementing budgeting process is always easy to quantify.

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Definitions:

Job-related Stress

The experience of stress, pressure, or strain directly tied to one's employment responsibilities or work environment.

Dynamic

Characterized by continuous change, activity, or progress; often used to describe systems or processes that are in constant evolution.

Type A Personality

A personality type characterized by competitiveness, impatience, aggressiveness, and a strong desire for achievement.

Relaxing

The act of reducing tension or anxiety, often through leisure activities or rest.