Which of the Following Is an Example of the Coordination

question 11

Multiple Choice

Which of the following is an example of the coordination and communication function of a budget?

• A)A budget demands integrated input from different business units and functions.
• B)Employees are motivated to achieve the goals set by the budget.
• C)Budget figures are used to evaluate the performance of managers.
• D)The budget outlines a specific course of action for the coming period.

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Definitions:

Special Project

A temporary endeavor undertaken to create a unique product, service, or result, often with specific objectives and resources.

Open Market

A system where buyers and sellers trade freely with minimal governmental restrictions, typically in reference to securities or commodities markets.

Split-off

A point in the production process where multiple products are generated from a common input.

Avoidable Cost

A cost that can be eliminated if a particular business decision is made.