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:

Expansion Of Exploration

The process or act of searching for new knowledge, resources, or territories.

Subsequent Increasing Demand

Refers to the phenomenon where demand for a product or service increases following a certain event or development.

Regressive Taxes

Tax systems in which the tax rate decreases as the taxable amount (income or expenditure) increases, placing a higher relative burden on lower-income earners.

Lower-Income Canadians

Canadians who earn income significantly below the national average, placing them in the lower economic strata of society.