Benefits of Beyond Budgeting Include All of the Following Except

question 13

Multiple Choice

Benefits of Beyond Budgeting include all of the following except the fact that:

• A)targets based on high level performance indicators is a much faster process than budgeting.
• B)resources are managed on the basis of pre-negotiated budget amounts.
• C)rewards are based on relative performance, not fixed targets.
• D)strategy review is done by business units or front line teams.

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Definitions:

Third Quartile

The value below which 75% of the data in a data set falls, also known as the upper quartile.

Medicaid

A government-sponsored insurance program in the United States for individuals and families with low income and resources.

Net Worth

The difference between an entity's total assets and its total liabilities.

Retirees

Individuals who have left the workforce, often due to age, and receive some form of retirement benefits.