Which of the Following Is an Example of the Planning

question 110

Multiple Choice

Which of the following is an example of the planning function of the budgeting process?

• 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.

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Definitions:

Day-to-Day Business Management

The continuous, routine operations and activities involved in the administration and control of a company or organization.

Architectural Firm

A business entity specializing in providing services related to the design, planning, and oversight of building construction or landscape projects.

Entrepreneurial Firms

Businesses that are in their initial stages, focusing on innovating and rapidly growing in their respective markets.

Management Challenges

Refers to various difficulties and obstacles managers face, including motivating employees, resolving conflicts, and making effective decisions.