Which of the Following Statements Concerning the Budget Director Is

question 85

Multiple Choice

Which of the following statements concerning the budget director is false?

• A) The budget director is often an organization's controller.
• B) The budget director has the responsibility of specifying the process by which budget data will be gathered.
• C) The budget director collects information and participates in preparing the master budget.
• D) The budget director communicates budget procedures and deadlines to employees throughout an organization.
• E) The budget director usually has the authority to give final approval to the master budget.

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Definitions:

Organizational Form

Refers to the structure and design of an organization, determining the hierarchy, communication flow, and allocation of responsibilities.

Limited Liability

A legal status where a person's financial liability is limited to a fixed sum, most often the value of a person's investment in a corporation or partnership.

Management

The process of dealing with or controlling things or people, often within an organization.

Limited Liability Company

A commercial structure that amalgamates the limited liability protection of a corporation with the direct taxation approach of a partnership or sole proprietorship.