Which of the Following Is an Advantage of the Budgeting

question 45

Multiple Choice

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

• A)Coordinates the activities of the organization
• B)Assures that the lowest cost materials will be obtained
• C)Assures the company will achieve its objectives
• D)Guarantees that a profit will be achieved

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Definitions:

Public Ownership

The ownership of assets by the government or the entire community rather than by private individuals or corporations.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.

Antitrust Laws

Legislation enacted to prevent monopolies and promote competition among businesses, ensuring fair market practices and consumer protection.

Deadweight Loss

Deadweight loss refers to a loss in economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.