Which of the Following Is Not an Advantage of the Budgeting

question 16

Multiple Choice

Which of the following is not an advantage of the budgeting process?

• A) It can help management identify potential bottlenecks.
• B) It can help facilitate goal congruence throughout the organisation.
• C) It can force management to focus on the past and not be distracted by current activities of the organisation.
• D) It can increase communication between various departments in the organisation.

Understand the impact of social shopping and online shopping tools on consumer knowledge and behavior.

Distinguish between different types of shopping motives and shopping orientations.

Understand strategies for managing customer expectations and responses in retail.

Understand the role and impact of salespeople in consumer interactions.

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Definitions:

Efficiency

The ratio of the output obtained to the input used in the production process, measuring how well resources are utilized.

Gantt Charts

A type of bar chart that illustrates a project schedule, showing the start and finish dates of the various elements of a project.

Loading Jobs

The process of assigning work to resources, machines, or workstations in a production environment.

Assignment Method

A special class of linear programming models that involves assigning tasks or jobs to resources.