What Is the Main Way in Which Budgets Provide a Means

question 25

Multiple Choice

What is the main way in which budgets provide a means of control in an organisation?

• A)By allowing senior management to control lower level managers
• B)By allowing actual performance to be compared to budget targets
• C)By allowing budget targets to be set at maximum performance
• D)By allowing management to control the budget targets

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Definitions:

Industrial Engineering

The study of jobs to find the simplest way to structure work in order to maximize efficiency.

Complexity

The state or quality of being intricate or complicated, often referring to systems, problems, or processes.

Certified External Analysts

Professionals who have been officially recognized and certified to analyze and evaluate the performance, systems, or financial health of organizations from outside.

U.S. Department Of Labor

A federal department responsible for occupational safety, wage standards, unemployment insurance benefits, reemployment services, and some economic statistics.