Budget Targets Should Be

question 60

Multiple Choice

Budget targets should be:

• A)unachievable so that there is always an incentive to do better.
• B)targets derived from experience set at reasonable levels of performance.
• C)set to the highest possible standard of performance.
• D)goals set by management to ensure that targets can be easily met.

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Definitions:

Expected Frequency

The theoretical frequency of an event or category estimated from a probability distribution or sample data.

Groups

Sets of subjects or items that are classified together based on shared characteristics or for purposes of an experiment or study.

Total N

The total number of observations, subjects, or participants included in a study or experiment.

Degrees Of Freedom

The number of independent pieces of information on which a statistical estimate is based, minus the number of parameters estimated.