Which of the Following Items Should Be Taken into Account

question 65

Multiple Choice

Which of the following items should be taken into account when setting budgets?

• A) Positive behaviour of employees is more likely to result if the budgetary process is participative.
• B) The budget goals should not be so tight that they are unachievable.
• C) The goals of the individual sections' budget should be aligned with the firm's goals.
• D) All of the given answers

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Definitions:

Account Numbers

Unique identifiers assigned to individual accounts within a company's accounting system, facilitating organization and tracking of financial transactions.

Ledger

A book or other collection of financial accounts of a particular type, often the final record where data from journals is compiled.

Journal

A book or electronic record where all financial transactions of a business are initially recorded, often before posting to ledgers.

Chronological Record

An organized account of events, transactions, or entries in the order they occurred over time.