Which of the Following Statements About Budgeting Is Not True

question 200

Multiple Choice

Which of the following statements about budgeting is not true?

• A)Budgeting is an aid to planning and control.
• B)The operating budget should be prepared by top management, rather than mid-management personnel, because they have the overall objectives of the company in mind.
• C)Budgets help to coordinate the activities of the entire organization.
• D)Budgets promote communication and coordination between departments in an organization.

Analyze the relationship between divisional performance measurement and overall corporate performance.

Explain the concept of goal congruence and its importance in decentralized organizations.

Understand the significance of performance measures in management decision-making and strategic planning.

Discuss the benefits and challenges of a decentralized organization.

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Definitions:

Starvation

A condition resulting from a severe deficiency in caloric energy, nutrient, and vitamin intake, leading to death if not addressed.

Bourgeoisie

The social class that came to own the means of production during modern industrialization, typically referring to wealthier members of society or the middle class.

Middle Class

A socioeconomic group situated between the working class and the upper class, typically composed of professionals, business owners, and white-collar workers.

Peasant

A farmer of low social status who owns or rents a small piece of land for cultivation, historically part of rural and agrarian societies.