Which of the Following Is an Advantage of the Budgeting

question 52

Multiple Choice

Which of the following is an advantage of the budgeting process?

• A) It requires very little input from various departmental managers,leaving them more time to devote to day-to-day activities.
• B) It can communicate to employees specific goals and objectives that may be used in evaluating their job performance.
• C) It forces management to focus on the past and not be distracted by the day-to-day operations of the business.
• D) It requires no communication between various managers in the organisation.

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Definitions:

Gross Pay

The total compensation a person receives before any deductions or taxes are taken out.

Medicare Tax Rate

The percentage of an individual's or employer's earnings that is contributed to Medicare, a U.S. federal health insurance program.

Hourly Wage Rate

The amount of money paid for each hour of work.

Payroll Register

A document or database that records the details of each employee's pay history, deductions, and net pay.