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.

Identify the advantages and disadvantages of specific renewable energy sources.

Understand the principles and applications of solar energy, including photovoltaic cells and passive solar heating.

Grasp the concept and operational methods of hydroelectric power and pumped-storage hydropower systems.

Recognize the environmental impacts and sustainability concerns associated with renewable energy sources.

---

Definitions:

Efficient Level

A state of resource allocation where it is not possible to make someone better off without making someone else worse off.

Excludable

A characteristic of a good where it is possible to prevent people who have not paid for it from having access to it.

Rival

A term describing a good or resource that cannot be enjoyed by more than one individual or group without reducing its availability to others.

Private Good

A product or service that is excludable and rival in consumption, meaning its use is limited to paying customers and one individual's use diminishes another's ability to use it.