Which Statement About the Uses of Budgets Is Not True

question 23

Multiple Choice

Which statement about the uses of budgets is not true?

• A)They can assist in identifying short-term problems.
• B)They can provide a system of authorisation for managers to spend up to a particular limit.
• C)They are mainly used to set prices.
• D)None of the above, i.e., all are true statements.

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Definitions:

Relationship Behavior

Involves actions and interactions among individuals, affecting how they relate and connect with each other.

Emotional Support

Assistance provided by an individual to another, offering comfort, reassurance, and a sense of belonging, typically in times of stress or distress.

Situational Leadership Model

A flexible leadership approach that advocates adapting leadership style based on the maturity and competency of the team members.

Selling Style

The approach or method a salesperson uses to engage and persuade potential customers to make a purchase.