Assertion: Budgets are better expresses in quantities than monetary hours. Reason: Money cannot measure the resources used and the result obtained.

Related MCQs

• All of the following costs are likely to decrease as a result of better quality except ______________.
• The criteria of expected monetary value is used for making decisions under
• ……….. is an important Operations research technique to be used for determining optimal allocation of limited resources to meet the given objectives.
• What would be the best description of plans that focus on the broad future of the organization and incorporate both external environmental demands and internal resources into managers’ actions?
• That would be the best description of plans that focus on the broad future of the organization and incorporate both external environmental demands and internal resources into managers’ actions?
• Which of the following activities is better decentralised in the typical organisation?
• It is defined as the process of guiding the efforts of employees and other resources to accomplish the desired objectives.
• Which term best describes the process of obtaining, deploying, and utilizing a variety of essential resources to contribute to an organization’s success?
• Even a small production activity like loading pigs of iron into boxcars can be scientifically planned and managed. This can result in tremendous saving of human energy as well as wastage of time and materials. Which of the following Principles if management emphasize on above situation?
• ___________ leads to optimum use of resources.