_________ is the process of planning future business actions and expressing them as formal plans.

Fill in the blank(s) with the appropriate word(s).

Ans: Budgeting

Business

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A person who believes that "the ends justify the means" would be likely to have a high level of which personality trait?

A) empathy B) Machiavellianism C) self-awareness D) social skills

Business

When administered wisely, budgets promote communication and coordination among the various subunits of the organization

Indicate whether this statement is true or false.

Business