Which of the Following Statements Are True If Optimum Benefit

question 51

Multiple Choice

Which of the following statements are true if optimum benefit is to be derived from the budget process?

• A) Employees participate in the development of the budget.
• B) Targets should include slack to enable easy achievement.
• C) Rewards are not required.
• D) Employees participate in the development of the budget AND rewards are not required.

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Definitions:

Principal

The primary party involved in a transaction, agreement, or legal relationship, who has authorized agents to act on their behalf.

Agent

A person authorized to act on behalf of another person or entity, known as the principal, in business dealings or other matters.

Liable

Liable describes the state of being legally responsible for something, especially in terms of owing compensation or facing legal consequences for one's actions or inactions.

Torts

Civil wrongdoings recognized by law as grounds for a lawsuit, excluding breaches of contract and equitable relief claims, potentially resulting in damages awarded to the injured party.