Which of the Following Statements Is True

question 66

Multiple Choice

Which of the following statements is true?

• A)The relationship between objectives, long-term plans and budgets is unclear.
• B)A long-term plan only consists of financial objectives.
• C)Budgets detail actions that need to occur over the short term.
• D)Once a budget is finalised, a business determines its primary objective.

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Definitions:

Joints

Structures that connect two or more bones in the body, facilitating movement and support.

Alternative Dispute Resolution (ADR)

Alternative Dispute Resolution (ADR) is a collection of processes used for the resolving disputes without litigation, such as arbitration or mediation.

Mediation

A conflict resolution process where a neutral third party assists disputing parties to reach a mutually acceptable agreement.

Statutory Governance

The system of rules and principles that govern entities, established through legislation or statutory law.