Which of These Is Not a Limitation of the Traditional

question 44

Multiple Choice

Which of these is not a limitation of the traditional approach to control through budgets?

• A)The difficulty of separating the causes of variances into controllable or uncontrollable factors.
• B)The difficulty of creating clear lines of demarcation between areas of responsibility of various managers.
• C)The expense of preparing a budget is too great for the average business.
• D)None of the above, i.e., all are limitations.

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Definitions:

Discount Date

The specified date on which a discount is applied or becomes effective, often used in the context of payments or billing.

Due Date

The specified date by which a payment, assignment, or project must be completed or submitted.

Cash Discount

A reduction in the price of goods or services offered by the seller to encourage prompt payment by the buyer.

Discount Date

The date on which a payment is to be made earlier than its originally scheduled due date at a reduced rate.