Which of the Following Is a Benefit Derived from Budgeting

question 134

Multiple Choice

Which of the following is a benefit derived from budgeting?

• A) Budgeting focuses management's attention on the future.
• B) Budgeting provides coordination of departments.
• C) Budgeting provides a basis for evaluating performance.
• D) Budgeting provides motivation for managers and employees.
• E) All of these.

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Definitions:

Bootstrap Confidence Interval

A method of estimating the confidence interval for a parameter by resampling with replacement from the original data and recalculating the statistic of interest multiple times.

Bias

A systematic error or deviation from the true value in data collection, analysis, interpretation, or review that can lead to incorrect conclusions.

Trimmed Mean

Trimmed Mean is a measure of central tendency calculated by removing a specified percentage of the smallest and largest values from a data set before calculating the mean of the remaining data.

Resampling Method

A statistical technique that involves taking repeated samples from observed data, used for estimation or testing hypotheses.