Simon's organization has recently held its annual meeting. In this meeting, it was decided the human resources department would receive €150 000 while the purchasing department would be allocated €400 000 for the upcoming year. Simon's organization is setting its for the upcoming year.
A) strategy map
B) enterprise resource plan
C) data warehouse
D) feedback control system
E) budget

Question

Quizplus · Accepted Answer

The allocation of funds to specific departments indicates the development of a budget for the upcoming year, making E the best choice. A strategy map outlines an organization's strategy and objectives, while an enterprise resource plan is a comprehensive system for managing an organization's resources. A data warehouse is a central repository of an organization's data. A feedback control system involves monitoring and adjusting processes to ensure they are achieving desired outcomes.

Simon's Organization Has Recently Held Its Annual Meeting