All the Following Are Considered to Be Benefits of Participative

question 43

Multiple Choice

All the following are considered to be benefits of participative budgeting, except for:

• A)Individuals at all organizational levels are recognized as being part of a team; this results in greater support for the organization.
• B)The budget estimates are prepared by those in directly involved in activities.
• C)When managers set their own targets for the budget, top management need not be concerned with the overall profitability of operations.
• D)Managers are held responsible for reaching their goals and cannot easily shift responsibility by blaming unrealistic goals set by others.

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Definitions:

Oligopoly

A market structure characterized by a small number of large firms dominating the industry, leading to limited competition and potential for collaboration in setting prices.

Differentiate Products

Strategies employed by businesses to make their products stand out from those of competitors, such as through quality, design, or features.

Oligopolies

Market structures characterized by a small number of firms dominating the market, leading to reduced competition.

Dominant Strategy

A strategy in game theory that is the best for a player, regardless of what strategies the other players choose.