The better administration of budget in budgeting plans require:_____________?
Correct answer: D. all of above
- A. intelligent interpretations
- B. participation
- C. persuasion
- D. all of above
Explanation
Effective budget administration needs intelligent interpretation of results, participation by responsible managers, and persuasion to secure cooperation. Since all three support successful budgeting, the inclusive option is appropriate.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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