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
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[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.
Transcribed Image Text:[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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