The Process of Preparing a Budget

question 45

Multiple Choice

The process of preparing a budget:

• A)forces coordination and communication across business functions.
• B)reduces overcapacity.
• C)promotes production automation.
• D)increases accounting efficiencies.

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Definitions:

Discrimination

Involves unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Production Possibilities Curve

A graphical representation that shows the maximum quantity of two products that a country can produce using its resources efficiently.

Elimination

The process of removing or excluding something or someone from consideration or from a particular set or group.

Domestic Output

The aggregate value of every product and service created within the confines of a nation during a specific period.