Which of the Following Is an Example of the Planning

question 89

Multiple Choice

Which of the following is an example of the planning function of a budget?

• A)A budget demands integrated input from different business units and functions.
• B)Employees are motivated to achieve the goals set by the budget.
• C)Budget figures are used to evaluate the performance of managers.
• D)The budget outlines a specific course of action for the coming period.

---

Definitions:

Contributions

Money that individuals or entities provide towards a common pool or fund, often for purposes like retirement savings plans or investment funds.

Ordinary Annuity

Equivalent monetary exchanges concluded after each sequential era over a predetermined course.

Compounded Monthly

A method of calculating interest where the accumulated interest is added to the principal sum each month.

Retires

The act of leaving one's job and ceasing to work, typically because of age or health.