A Budget Can Help in Decision-Making By

question 35

Multiple Choice

A budget can help in decision-making by:

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

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Definitions:

Office Support System

Integrated software solutions designed to facilitate and automate the day-to-day operations and tasks of an office.

Management Information System

An information system designed to meet the management and decision-making needs of an organization, integrating data from various departments for analysis.

Intelligence

The ability to acquire and apply knowledge and skills.

Data Warehouse

A centralized repository for data that allows an organization to store, query, and analyze large amounts of structured data from various sources.