"Budgeting is an unnecessary burden on many managers. It takes time away from important day-to-day problems." Do you agree?

A. No. When budgeting in done correctly, it is an important aid to managers. Managers need time to plan and coordinate their various activities. Budgeting forces them to take time from the day-to-day problems and focus on longer-term issues.

B. Yes. Budgeting creates the opportunity to lead managers to make poor decisions, they undercut attempts to maintain high ethical standards in the organization. Managers have incentives to overstate their budgeted costs or understate their budgeted revenues to create a budget target that is easier to achieve.

C. No. Budgeting helps managers to focus on all financial problems early enough for effective action and forces them to focus on only the day-to-day problems in their department.

D. No. Budgets always help managers to effectively control operations and adapt to all changes, even though, some in the organization may come to view budgeting as irrelevant, no exceptions.