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.

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Definitions:

Coefficient Alpha

A measure of the internal consistency of a test or survey, indicating how closely related a set of items are as a group.

Computerized Axial Tomography

Also known as a CT scan, a diagnostic medical test that uses computer-processed combinations of multiple X-ray measurements taken from different angles to produce images of specific areas of the scanned object, allowing the user to see inside without cutting.

X-rays

A form of electromagnetic radiation with wavelengths shorter than visible light, used in medical imaging to view inside the body.

Actuarial Approach

A method that employs statistical models to assess risks and predict outcomes, commonly used in fields like insurance, finance, and criminal justice for forecasting.