What Does the Ideal Budget System Create in Managers

question 105

Multiple Choice

What does the ideal budget system create in managers?

• A)goal congruence and extreme caution
• B)drive and risk avoidance
• C)goal congruence and drive
• D)drive and extreme caution

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Definitions:

Total Cost

The sum of fixed and variable costs incurred in producing a given level of output.

Computer Software

Programs and operating information used by a computer to perform specific tasks or functions.

Medallion

A distinctive badge or emblem typically made of metal, granted as a mark of honor or authenticity.

Opportunity Cost

The cost of foregone alternatives; the value of the best alternative that is not chosen in order to pursue a certain action.