The Five Primary Purposes of a Budget Are

question 81

Multiple Choice

The five primary purposes of a budget are:

• A) planning, allocating resources; facilitating communication and coordination; controlling profit and operations; evaluating performance and providing incentives.
• B) planning; allocating resources; facilitating communication and coordination; controlling profit and operations; and allocating overhead costs.
• C) planning; allocating resources; facilitating communication and coordination; controlling profit and operations; and evaluating competition.
• D) planning; allocating resources; controlling profit and operations; providing incentives; evaluating performance; and allocating overhead costs.

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Definitions:

Regulation

The process of controlling or governing according to a system of rules or guidelines to achieve desired outcomes.

Perception

The process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, often characterized by delusions, hallucinations, and disordered thinking.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another in the brain and nervous system.