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:

Donee Beneficiary

A third party that benefits from a contract between two other parties, especially in cases where a party promises to make a gift or confer a benefit to someone who is not a party to the contract.

Stockbroker

A professional who buys and sells stocks and other securities on behalf of clients, typically for a commission or fee.

Valentine's Gift

A present given to express affection or love on Valentine's Day, typically symbolizing romantic interest or appreciation.

Assignment

The transfer of rights or property from one party to another.