Which of the Following Statements About Budgeting Is

question 100

Multiple Choice

Which of the following statements about budgeting is ?

• A) Budgeting is an aid to planning and control.
• B) Budgets create standards for performance evaluation.
• C) Budgets help coordinate the activities of the entire organization.
• D) Budgeting forces managers to think ahead and formalize long-range objectives.
• E) The master budget should only be prepared by top management.

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Definitions:

State-By-State

A method or approach that considers or addresses each U.S. state individually rather than as part of a collective whole.

Legalize

The process of making certain actions, substances, or behaviors lawful and permissible by official, statutory means.

Pendleton Civil Service Act

U.S. legislation enacted in 1883 that established the Civil Service Commission and marked the beginning of a merit-based system for federal employment instead of jobs being awarded based on political affiliation.

Bribery

The act of giving, offering, receiving, or soliciting something of value to influence the actions of an official or other person in charge of a public or legal duty.