Question 1 (1.2 points) For each statement indicate if it true or false. If it is true, place a check in the box next to the statement. A financial planning and analysis (FP&A) system helps managers assess the company's future and know if they are reaching their performance goals. A budget is a detailed plan, expressed in quantitative terms, that specifies how resources will be acquired and used during a specified period of time. A budget forces managers to plan ahead A budget helps facilitate communication and coordination in an organization A budget helps allocate limited resources. A budget is an useful benchmark to which actual results can be compared. Budgets can be used to evaluate performance and provide incentives. The first budget that is prepared is the cash budget