All of the following ane true statements about the role of budgets and budgeting EXCEPT hat A) a budget is a quantitative summary of the expected llocations and financial consequences of the organization's short-term operating activities budgeting solves most business challenges because it coordinates activities and communicates the organization's short-term goals to its members B) the difference between actual results and the budget plan are called variances budgeting indudes the process of estimating money inflows and outflows to determine a finandal plan that will meet an organization's objectives Previous Bookmark Summa Subm