{"id":46565,"date":"2024-04-15T22:14:11","date_gmt":"2024-04-15T22:14:11","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=46565"},"modified":"2024-04-15T22:14:11","modified_gmt":"2024-04-15T22:14:11","slug":"compelling-strategic-plan-promoting-coordination-and-providing-framework-of-performance-are","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/compelling-strategic-plan-promoting-coordination-and-providing-framework-of-performance-are\/","title":{"rendered":"Compelling strategic plan, promoting coordination and providing framework of performance are"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;advantages of budget&#8221; option2=&#8221;disadvantages of budget&#8221; option3=&#8221;advantages of costing method&#8221; option4=&#8221;disadvantages of costing method&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. advantages of budget.<\/p>\n<p>A budget is a financial plan for a specific period of time, such as a year. It helps to ensure that a company has enough money to cover its expenses and achieve its goals. A budget can also help to identify areas where costs can be reduced.<\/p>\n<p>There are many advantages to having a budget. Some of the most important advantages include:<\/p>\n<ul>\n<li>Compelling strategic plan: A budget can help to ensure that a company is on track to achieve its strategic goals. By setting financial targets and tracking progress, a budget can help to keep a company on track.<\/li>\n<li>Promoting coordination: A budget can help to promote coordination between different departments within a company. By having a common set of financial goals, departments can work together more effectively to achieve those goals.<\/li>\n<li>Providing framework of performance: A budget can provide a framework for measuring performance. By tracking actual results against budget, a company can identify areas where it is doing well and areas where it needs to improve.<\/li>\n<\/ul>\n<p>There are also some disadvantages to having a budget. Some of the most common disadvantages include:<\/p>\n<ul>\n<li>Inflexibility: A budget can be inflexible, making it difficult to respond to changes in the market or the economy.<\/li>\n<li>Time-consuming: Creating and maintaining a budget can be time-consuming.<\/li>\n<li>Stressful: Creating and meeting a budget can be stressful for some people.<\/li>\n<\/ul>\n<p>Overall, the advantages of having a budget outweigh the disadvantages. A budget can help a company to achieve its strategic goals, promote coordination, and provide a framework for measuring performance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;advantages of budget&#8221; option2=&#8221;disadvantages of budget&#8221; option3=&#8221;advantages of costing method&#8221; option4=&#8221;disadvantages of costing method&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-46565","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Compelling strategic plan, promoting coordination and providing framework of performance are<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/compelling-strategic-plan-promoting-coordination-and-providing-framework-of-performance-are\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Compelling strategic plan, promoting coordination and providing framework of performance are\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;advantages of budget&#8221; option2=&#8221;disadvantages of budget&#8221; option3=&#8221;advantages of costing method&#8221; option4=&#8221;disadvantages of costing method&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/compelling-strategic-plan-promoting-coordination-and-providing-framework-of-performance-are\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T22:14:11+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Compelling strategic plan, promoting coordination and providing framework of performance are","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/compelling-strategic-plan-promoting-coordination-and-providing-framework-of-performance-are\/","og_locale":"en_US","og_type":"article","og_title":"Compelling strategic plan, promoting coordination and providing framework of performance are","og_description":"[amp_mcq option1=&#8221;advantages of budget&#8221; 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