Which of These Factors Need Not Be Present for Budgeting

question 51

Multiple Choice

Which of these factors need not be present for budgeting to work efficiently?

• A) Management participation.
• B) An efficient accounting and reporting system.
• C) An organisational structure in which responsibility is clearly defined.
• D) A flat management structure.

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Definitions:

Frequency Distribution

A mathematical function that shows the number of occurrences of each value of a variable, often represented in a table or graph.

Median

A measure of central tendency; the middle score in a distribution of scores that divides the distribution in half.

Mean

A measure of central tendency, obtained by summing scores and then dividing the sum by the number of scores.

Set Scores

The collection of individual scores or data points that represent the performance or achievements of a group or individual.