Which of the Following Statements Is True Concerning the Operating

question 80

Multiple Choice

Which of the following statements is true concerning the operating budget?

• A)The operating budget is a formal short-run plan of action.
• B)The operating budget identifies capital projects.
• C)The operating budget states the strategy for achieving organizational goals.
• D)all of the above.

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Definitions:

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Stakeholder Responsibility

The obligation of an organization to act in ways that benefit its stakeholders, including customers, employees, and the wider community.

Ethics

The moral principles that govern a person's behavior or the conducting of an activity, often playing a critical role in decision-making.

Profitability

The ability of a business to generate more revenue than expenses, resulting in a profit.