Which of the Following Is an Example of the Planning

question 110

Multiple Choice

Which of the following is an example of the planning function of the budgeting process?

• 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.

---

Definitions:

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity of that good or service that consumers are willing to buy at each price point.

Perfectly Elastic

Describes a situation in economics where a small change in price leads to an infinite change in quantity demanded or supplied.

Price Elasticity of Demand

A measure that calculates the change in the quantity demanded of a good in response to a change in its price.

Running Shoes

Footwear specifically designed to support and enhance the performance of runners, offering various features dedicated to different running styles and surfaces.