How Can a Budget Help in Decision Making

question 16

Multiple Choice

How can a budget help in decision making?

• A)by identifying excesses or shortages of cash.
• B)by predicting purchase requirements for raw materials.
• C)by identifying future resource constraints.
• D)all of the above.

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Definitions:

Flexible

The quality of being able to adapt to different situations, change, or bend without breaking.

Willing to Make Mistakes

A characteristic of individuals who accept the possibility of errors as a part of the learning process and personal growth, recognizing that mistakes often lead to new insights and accomplishments.

Criticisms

The act of expressing disapproval and noting the faults or shortcomings of something or someone.

Maslow's Theory

A psychological theory proposed by Abraham Maslow that suggests human beings are motivated by a hierarchy of needs, starting from basic physiological needs to self-actualization.