After Comparing Budgets with the Actual Results,the Feedback Allows Managers

question 179

True/False

After comparing budgets with the actual results,the feedback allows managers to determine what,if any,corrective action should be taken.

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Definitions:

Organizational Design

The process of shaping an organization's structure and roles to align with its objectives and strategies.

Closely Related

Describes entities or concepts that have a strong connection or association with each other.

Divisional Design

refers to an organizational structure where operations are segregated based on product lines, markets, or geographic regions, allowing for more focused management and resources allocation.

Diversification Strategy

A business approach where a company expands its operations by entering into new markets or product lines, aiming to reduce overall risk.