6.2 Objective 6.21) Which of the following is true of budgets when they are administered thoughtfully?
CDiff: 2Objective: 2AACSB: Analytical thinking2) A budget is an end product of negotiations among senior and subordinate mangers because ________.
DDiff: 2Objective: 2AACSB: Analytical thinking3) Which of the following is a limitation of using past performance as a basis for judging actual results?
CDiff: 2Objective: 2AACSB: Analytical thinking4) The practice of developing reasonably challenging budgets tend to help: A) discourage out-of-the-box and creative thinking as there is very little room for errorB) set unrealistic expectations and are perceived as overly ambitious and unachievableC) increase anxiety without motivation not meeting them is viewed as a failureD) motivate improved performance as employees work more intensely to avoid failureAnswer:
DDiff: 2Objective: 2AACSB: Analytical thinking