Excessive Reliance on Budgets Can Mean

question 22

Multiple Choice

Excessive reliance on budgets can mean:

• A) a tendency towards meeting budget targets at any cost
• B) a compromise of quality, customer service and long-term performance
• C) a and b
• D) Neither a nor b

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Definitions:

Bank Loan

Money lent by a bank to a customer, usually with interest, that is expected to be repaid within a certain period.

Outstanding Principal

The remaining amount of money borrowed that has not yet been repaid.

Accrued

Accumulated over time but not yet paid or received, typically referring to interest or income.

Scotiabank

A leading Canadian multinational bank providing a wide range of banking and financial services globally.