A Major Part of the Budgeting Process to Ensure Success

question 95

Multiple Choice

A major part of the budgeting process to ensure success is

• A)establishing credit limits on credit cards.
• B)limiting recreational expenses.
• C)having a sufficient an emergency fund.
• D)planning an overdraft for your chequing account.

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Definitions:

Organizational Restructuring

The process of changing the structure, operations, or strategies of an organization to improve efficiency, effectiveness, or adapt to new conditions.

Decentralization

The distribution of power across all levels of the organization.

Downsizing

The process of reducing the number of employees in an organization, often to cut costs or improve efficiency.

Effectiveness

The degree to which something is successful in producing a desired result, measured by the achievement of goals.