Which of the Following Is an Example of the Benchmarking

question 169

Multiple Choice

Which of the following is an example of the benchmarking function of the budgeting process?

• A) A budget demands integrated input from different business units and functions.
• B) Budgeting requires close cooperation between accountants and operational personnel.
• 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:

Environmental Uncertainty

A lack of complete information about the environment.

Organisational Design

Organisational design is the process of shaping an organization's structure and roles to align with its objectives, strategy, and environment, enhancing efficiency and effectiveness.

Strategy

Strategy refers to a plan of action designed to achieve a long-term or overall aim.