Which of the Following Statements About Budgets and Budgeting Is

question 60

Multiple Choice

Which of the following statements about budgets and budgeting is FALSE?

• A) Budgets help coordinate financial and operational activities.
• B) The vast majority of managers use budgeting as an effective cost management tool.
• C) Budgeting is the process of formulating an organization's plans.
• D) Managers do not use budgets for performance evaluation.

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Definitions:

Personal Productivity

The effectiveness and efficiency with which an individual can complete tasks and achieve goals on a personal level.

Beeps And Alerts

Sounds or notifications typically made by electronic devices intended to capture attention or signal information to the user, frequently discussed in the context of their effects on concentration and stress levels.

Skype Network

A digital communication platform enabling voice and video calls over the internet.

Working Smarter

A strategy that focuses on achieving greater outcomes or productivity through efficient methods, often by prioritizing, leveraging tools, or streamlining processes.