Which philosophy in setting budgeted amounts assumes both the complete elimination of inefficiencies and a level of absolute efficiency?
A) The behavioral approach.
B) The total quality management approach.
C) Both philosophies.
D) Neither philosophy.

Question

Quizplus · Accepted Answer

The total quality management approach assumes both the complete elimination of inefficiencies and a level of absolute efficiency, while the behavioral approach focuses more on the human aspect of budgeting and recognizes that inefficiencies may still exist even with human behavior taken into account. Therefore, choice B is the best answer.

Which Philosophy in Setting Budgeted Amounts Assumes Both the Complete