The Beyond Budgeting Philosophy Means Managing Without Budgets

question 39

True/False

The Beyond Budgeting philosophy means managing without budgets.

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Definitions:

Parallel Conversion

A method of implementing a new system where the old and new systems run simultaneously for a period of time to ensure the new system works correctly.

Old Systems

Outdated or legacy technology and processes that are still in use within an organization.

End-user Development

The practice of allowing end-users, who are not professional developers, to create or modify software applications.

IT Department

A division within an organization tasked with maintaining and implementing technology solutions.