How Can a Budget Help in Decision Making

question 8

Multiple Choice

How can a budget help in decision making?

• A)By identifying excesses or shortages of cash
• B)By predicting purchase requirements for raw materials
• C)By identifying future resource constraints
• D)All of the above

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Definitions:

Construction Planning

The process of outlining the steps, resources, and timelines needed to complete a construction project.

Rewarded

Recognized, typically with a gesture of appreciation or a prize, for an achievement or good behavior.

Classical Approach

A traditional method or theory in a specific discipline, often emphasizing foundational or universally recognized principles.

Motivation

The psychological processes that arouse and direct goal-directed behavior.