A Budget Is a Financial Plan That Managers Use to Coordinate

question 45

True/False

A budget is a financial plan that managers use to coordinate a business's activities.

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Definitions:

Directive Leadership

A leadership style where the leader tells team members what to do and how to do it, controlling most decision-making processes.

Supportive Leadership

Supportive leadership is a leadership style where the leader shows concern for employees' well-being, encourages open communication, and supports team members in their roles.

Participative Leadership

A leadership approach where decision-making is shared between leaders and members of the organization.

Transactional Leadership

A leadership style that focuses on the exchanges that occur between leaders and followers, emphasizing rewards and punishments.