Which Statement About the Uses of Budgets Is Not True

question 23

Multiple Choice

Which statement about the uses of budgets is not true?

• A)They can assist in identifying short-term problems.
• B)They can provide a system of authorisation for managers to spend up to a particular limit.
• C)They are mainly used to set prices.
• D)None of the above, i.e., all are true statements.

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Definitions:

Ego

A part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Superego

Part of Freud's psychoanalytic theory of personality, acting as the moral component, which holds internalized ideals and standards for behavior.

Collective Unconscious

A term coined by Carl Jung referring to structures of the unconscious mind shared among beings of the same species.

Abnormal Behaviour

Actions or reactions that deviate significantly from what is considered typical or culturally accepted.