The benefits of budgeting are that it promotes:

a) positive thinking, provides an early warning system, facilitates the coordination of various activities, provides a basis for evaluating competitor performance, creates benchmarks for managers throughout the organisation.

B) positive thinking, provides an early warning system, facilitates the coordination of various activities, provides a basis for evaluating future performance, creates benchmarks for stakeholders outside the organisation.

C) forward-thinking, provides an early warning system, facilitates the coordination of various activities, provides a basis for evaluating competitor performance, creates benchmarks for stakeholders outside the organisation.

D) forward-thinking, provides an early warning system, facilitates the coordination of various activities, provides a basis for evaluating future performance, creates benchmarks for managers throughout the organisation.