Budgeting Will Be Ineffective Unless It Is Tied to Strategy

question 141

True/False

Budgeting will be ineffective unless it is tied to strategy and used to manage an organization's overall performance.

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Definitions:

Disease Model

A theoretical framework that describes the complex interactions between biological, psychological, and sociocultural factors in causing or sustaining a disease.

Tension-reduction Model

A theory suggesting that alcohol is consumed in an effort to reduce stress and anxiety.

Genetic Component

Refers to the contribution of genes to the development or progression of a trait or condition.

Hereditary Influence

The impact of genetic factors inherited from parents on the physical and psychological attributes of an individual.