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