Rolling Budgets Are Better for Managing Uncertainty in Organisations Because

question 18

Multiple Choice

Rolling budgets are better for managing uncertainty in organisations because they:

• A) reduce the level of uncertainty in the business environment concerned.
• B) cheaper to develop than annual budgets.
• C) allow for more short term and therefore accurate predictions than the annual budget.
• D) allow for better strategies to be developed by organisations.

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Definitions:

Virtual Environment

A computer-generated scenario that simulates a realistic experience, often used for training, gaming, or remote collaboration.

Traditional Office

A conventional workspace where employees perform their job duties in a physical location designated by the employer.

Instant Messaging

A form of real-time text-based communication between two or more people over the internet.

Instantaneous Reply

A response given immediately without delay, often in the context of digital communication.