Cima P2 Exam Question 42

Question No 42:

Beyond Budgeting is essentially an approach that places modern management practices within a cultural framework. Analyze the following statements:

1. The organization structure should have clear principles and boundaries.
2. Managers should be given a high degree of freedom to make decisions.
3.  Frontline managers should be made responsible for relationships with customers.
4. Information system should be transparent and ethical.

Which of the above statements relate to Beyond Budgeting?

A. 1, 2 and 4 only
B. 2, 3 and 4 only
C. 1, 2 and 3 only
D. All the statements

Answer: D