Budgets Are Said to Be Useful in Promoting Forward Thinking

question 71

Multiple Choice

Budgets are said to be useful in promoting forward thinking and identification of short-term problems, because:

• A)management can foresee future promotion opportunities.
• B)management can react to problem areas as they occur.
• C)potential problem areas can be identified early enough to allow management to explore ways of overcoming the problem.
• D)all of the above.

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Definitions:

Internal Integration

The process of ensuring different parts of an organization or group work together effectively and cohesively.

External Adaptation

The process by which an organization or individual adjusts and responds to changes in the external environment.

Organizational Language

The specific collection of terms, jargon, and communication styles unique to a particular organization.

Environmental Diversification

The strategy of spreading out investments or activities across different environmental sectors to reduce risk or achieve sustainability.