When Creating a Budget, Use Your

question 15

Multiple Choice

When creating a budget, use your:

• A) Net income
• B) Taxes
• C) Miscellaneous income
• D) All of the above
• E) None of the above

---

Definitions:

External Monitoring

The process of periodically reviewing and assessing the external environment to understand opportunities and threats relevant to an organization's objectives.

Identifying Threats

The process of recognizing potential dangers that could harm an individual, organization, or system.

Political Tactics

Strategies and maneuvers used by individuals or groups within an organization to gain power or advantages, often involving subtle or covert actions.

External Leadership Behavior

Actions and decisions by leaders that involve interaction with external stakeholders, such as customers, suppliers, and regulatory bodies, influencing the organization's external environment.