In the absence of a well-conceived plan (such as a budget) against which to compare actual performance identifying areas of concern is much easier managers could more efficiently determine what a company can do to improve it is difficult to determine how a company is doing a company will not be able to make a profit Companies use budgets for control for which of the following reasons? it is the benchmark for evaluating actual performacne all of the choices are correct a good plan is the foundation of effective control it is difficult to evaluate performance of the company without comparing a well- conceived plan with actual performance Firms use budgets for control for which of the following reasons? O a good plan is the foundation of effective control it is simpler to evaluate performance of the firm without the expense of a well- conceived plan all of the choices are correct it is the benchmark for evaluating past performance The balanced Scorecard forces management to focus on the profitability of the company only O both the short and the long term the long term only the short term only