As the Starting Point in the Budgeting Process, Managers Need

question 26

Multiple Choice

As the starting point in the budgeting process, managers need to understand the strategy of the organisation, to enable them to formulate a budget that supports the organisation's

• A) mission statement.
• B) strategic plan.
• C) forecasts.
• D) vision.

---

Definitions:

Explanandum

The phenomenon or event that is being explained in a scientific theory or investigation.

Explanation

Providing information or reasons to make something clear or understandable, often answering "why" or "how" questions.

Office Building

A structure designed primarily for occupancy by one or more organizations for the purpose of conducting business or administrative services.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.