When Administered Wisely, Budgets Promote Communication and Coordination Among the Various

question 26

True/False

When administered wisely, budgets promote communication and coordination among the various subunits of the organization.

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Definitions:

Ethically

In a manner that follows accepted standards of moral behavior, often considered in the context of business practices.

Consequences

The results or effects that follow from specific actions or decisions.

Obligations

Duties or commitments that an individual or organization is bound to by law, contract, or moral responsibility.

Honesty

The quality of being truthful and transparent in actions, communications, and transactions.