Budgeting provides a means for defining managers' decision rights.

Name: Budgeting provides a means for defining managers' decision rights.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

Budgeting involves setting targets for various departments and areas of the organization, which in turn define the decision rights of managers. This allows for a clear understanding of who is responsible for what, and helps to align decision-making with the overall goals and objectives of the organization.

Budgeting Provides a Means for Defining Managers' Decision Rights