[1] The major objectives of any budget system are toA. Foster the planning of operations, provide a framework for performance evaluation, andpromote communication and coordination among organization segments.B. Define responsibility centers, facilitate the fixing of blame for missed budget predictions,and ensure goal congruence between superiors and subordinates.C. Define responsibility centers, provide a framework for performance evaluation, andpromote communication and coordination among organization segments.D. Foster the planning of operations, facilitate the fixing of blame for missed budgetpredictions, and ensure goal congruence between superiors and subordinates.

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Answered: Foster the planning of operations,…

Foster the planning of operations, provide a framework for performance evaluation, and promote communication and coordination among organization segments.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

[1] The major objectives of any budget system are to
A. Foster the planning of operations, provide a framework for performance evaluation, and
promote communication and coordination among organization segments.
B. Define responsibility centers, facilitate the fixing of blame for missed budget predictions,
and ensure goal congruence between superiors and subordinates.
C. Define responsibility centers, provide a framework for performance evaluation, and
promote communication and coordination among organization segments.
D. Foster the planning of operations, facilitate the fixing of blame for missed budget
predictions, and ensure goal congruence between superiors and subordinates.

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