A master budget ______.

Select one: a. is a substitute for the management functions of planning and coordination b. improves companies' market capitalization and evolves from both the investing and financing decisions c. provides an ethical framework for decision making d. is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions

------------- Which of the following is a benefit of budgeting?

Select one: a. It helps in increasing market capitalization of the company. b. It helps investors to value stocks. c. It helps managers to take marketing decisions. d. It helps managers gather information for improving future performance. -----------------

Strategy specifies ______.

Select one: a. the demand created for products and services b. standard procedures to ensure quality products c. incremental changes for improved performance d. how an organization matches its own capabilities with the opportunities in the marketplace

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