Which of the Following Is True of Budgets

question 27

Multiple Choice

Which of the following is true of budgets?

• A) Budgets eradicate the need to compare a company's actual results with budgeted results.
• B) Budgets ensure that the financial goals set by management are achieved.
• C) Budgets rule out the need to communicate and coordinate the plans of the organization to each employee.
• D) Budgets are financial plans for the future.
• E) Budgets delegate the decision making power to the employees.

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Definitions:

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how people relate to one another and to their environments.

Methods

Systematic approaches, techniques, or procedures used to achieve a specific goal or to carry out research.

Brain

The central organ of the nervous system, located in the skull, responsible for coordination and control of bodily functions, processing sensory information, and enabling cognition, emotions, and behavior.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain down the length of the vertebral column, serving as the main pathway for information connecting the brain and peripheral nervous system.