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:

Public Interest

The welfare or well-being of the general public and society.

Employer's Cost

Refers to the expenses borne by an employer in the course of business, including wages, benefits, training, equipment, and other costs related to employing and maintaining a workforce.

Union's Demands

Specific requirements or conditions that a labor union seeks to achieve through negotiation with employers.

Strike Activity

The organized refusal of workers to perform their job duties, typically to protest for better wages, working conditions, or other labor issues.