Which of the following statements is true of the budgeting process?
A) If a company carefully plans for its future, there will be no need to make modifications during the budget period.
B) It is a continuous process that encourages communication.
C) It shows the actual performance of the business.
D) Managers and employees are motivated to accept the budget's goals because they enjoy having their work monitored and evaluated.
B
You might also like to view...
Upon arriving in Russia, Joan Walker learned that companies in the country had a strong custom of employing members of the same family. Vandelay has an anti-nepotism policy, prohibiting the employment of members of the same family. Joan's new Russian secretary has recommended her husband for a position in the company's production crew. Under the principles of ISCT, if Joan concludes that hiring family members does not violate any hypernorms, she should:
A. Not prohibit her secretary's husband from being considered for the production job in light of Russia's cultural norms, even though the norm of allowing members of the same family to be employed offends company policy. B. Prohibit her secretary's husband from applying because company policies always prevail over the laws and customs of the country in which the company is doing business C. Not prohibit her secretary's husband from applying for the production job, but tip off the production foreman that the application should be rejected without serious review. D. Recommend that Vandelay discontinue doing business in Russia because the country's business-practice norms are inconsistent with those of American companies.
If a buyer does not like a rule in a Common Interest Community the buyer may terminate the contract.
a. true b. false