To Gain the Benefits of Budgeting ________ Must Understand and Support

question 183

Multiple Choice

To gain the benefits of budgeting ________ must understand and support the budget.

• A)senior management
• B)middle management
• C)line employees
• D)All of these answers are correct.

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Definitions:

Authorized Contract

An authorized contract is a legal agreement that has been approved and executed by individuals or entities who have the legal capacity and authority to do so.

Tort

A civil wrong that causes harm or loss, leading to legal liability.

Principal

The original sum of money borrowed in a loan or invested, excluding any interest or dividends.

Business Activity

Business activity involves actions taken by companies or entrepreneurs to produce, sell, or trade goods and services to generate profit.