Which of the Following Is a Major Benefit of Utilizing

question 160

Multiple Choice

Which of the following is a major benefit of utilizing a budgeting system?

• A)It always results in more profitable decisions.
• B)It is easier for managers than traditional decision-making models.
• C)It saves costs by utilizing historical data to make projections.
• D)It facilitates coordination and communication.
• E)Once a successful budget is developed, it can be re-used year after year.

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Definitions:

Empirical Research

Refers to research that relies on observed and measured phenomena and derives knowledge from actual experience rather than from theory or belief.

Diagnoses

The act of identifying and naming a problem or condition, often used in the context of assessing organizational or individual issues.

Adjusts Appropriately

The ability of an entity or individual to change or modify behaviors and actions in response to changing circumstances.

Provides Direction

Offers guidance or instructions on how to proceed or move forward in a particular situation or towards achieving a goal.