What Is the Process of Forecasting Future Expenses and Savings

question 73

Multiple Choice

What is the process of forecasting future expenses and savings called?

• A)Budgeting
• B)Planning
• C)Predicting
• D)Foreasting

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Definitions:

Machine Bureaucracy

An organizational form characterized by high specialization, a detailed division of labor, a hierarchy of authority, and a rigid set of rules and regulations.

Automobile Plant

A manufacturing facility specifically designed for the production of automobiles, including assembly and component manufacturing processes.

Routinized Tasks

Activities or duties that are standard, routine, and performed according to established procedures, often requiring little variation or decision-making.

Divisionalized Form

A loosely coupled, composite structural configuration composed of divisions, each of which may have its own structural configuration.