Which Statement Is Untrue

question 41

Multiple Choice

Which statement is untrue?

• A) A properly prepared budget is a motivating device.
• B) An improperly prepared budget can have a negative effect on motivation.
• C) Managers should be given sole responsibility for setting their own budget targets so that they are motivated to achieve these targets.
• D) The budgeted level of performance should be attainable with a reasonably efficient amount of effort.

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Definitions:

Standard Error

An estimate of the standard deviation of a sampling distribution, reflecting the accuracy with which a sample represents a population.

Confidence Interval

A span of numbers obtained from sample data, which probably includes the value of an unknown parameter from the overall population.

Sample Variance

A statistical measure that quantifies the degree to which sample points differ from the sample mean.

Population Mean

The arithmetic average of a set of values or a distribution in the entire population, representing the central location of the data.