[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.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 6MC: Which of the following is true in a bottom-up budgeting approach? Every expense needs to be...

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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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The major objectives of any budget system are to Define responsibility centers, provide a framework for performance evaluation and promote communication and coordination among organizations segments Define responsibility centers, facilitate the fixing of blame for missed budget predictions, and ensure goals congruence between superiors and subordinates Foster the planning of operations, provide a framework for performance evaluation, and promote communication and coordination among organization segments
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