Which of the following better explains 'Budget Authority'?

Question

Quizplus · Accepted Answer

Budget authority refers to the power given to a manager to spend money and resources of the company for company purposes. Therefore, option B is the correct choice. Option A is incorrect because it refers to collection of money and resources, whereas budget authority pertains to spending. Option C is incorrect because it refers to spending for personal purposes, which goes against the purpose of budget authority. Option D is incorrect because it implies that managers are prohibited from spending money for company purposes, which is not the case with budget authority.

Which of the Following Better Explains 'Budget Authority