Effective Budgeting Requires All of the Following Except

question 105

Multiple Choice

Effective budgeting requires all of the following except:

• A) Attainable goals.
• B) Determination of budgets by top levels of management.
• C) Evaluation processes that provide opportunities to explain any failures.
• D) Clear communication of all budgets.
• E) Adequate supporting documentation for the budget.

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Definitions:

Organizational Culture

The shared values, beliefs, behaviors, and norms that shape the social and psychological environment of a business or organization.

Demographic Group

A segment of the population defined or categorized by specific characteristics such as age, gender, income, etc., often used in statistical analysis.

Management Function

The roles and activities undertaken by managers to effectively and efficiently coordinate the resources of an organization towards achieving its objectives.

Daniel Goleman

An author and psychologist known for his work on emotional intelligence and its importance in leadership and personal development.