Which of the Following Is an Advantage of Budgeting

question 57

Multiple Choice

Which of the following is an advantage of budgeting?

• A)Budgets help managers by eliminating risk,as they show actual values of expected activities.
• B)Budgets form a part of the financial statements of a company.
• C)Budgets help managers by identifying potential constraints.
• D)Budgets contain only dollar values and this helps in analyzing actual performance.

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Definitions:

Information Processing

The approach in psychology that studies how humans interpret, process, and respond to various stimuli using a model similar to computer processing.

Evolutionary Developmental

The study of how evolutionary processes guide the development of organisms, illustrating changes in development that lead to new forms and behaviors.

Cognitive-Developmental Perspective

A viewpoint in psychology that studies how thinking skills develop over time and how individuals perceive and understand the world around them.

Albert Bandura

A psychologist well-known for his work on social learning theory, emphasizing the role of observational learning, self-efficacy, and imitation.