Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are the major benefits of budgeting? (Select all that apply) A. Budgeting provides only financial benchmarks to evaluate past performance. B. Budgeting aids managers

image text in transcribed

What are the major benefits of budgeting? (Select all that apply) A. Budgeting provides only financial benchmarks to evaluate past performance. B. Budgeting aids managers in communicating objectives to units and coordinating actions across the organization. DC. Budgeting provides benchmarks to evaluate subsequent performance. O D. Budgeting helps managers to focus on only financial problems early enough for effective action. E. Budgeting compels managers to think ahead by formalizing their responsibilities for planning. I F Budgeting provides an opportunity for managers to reevaluate existing activities and evaluate possible new activities. OG. Budgeting is a way of managing only money through responsible spending

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Do Energy Audit Of Your Home The Complete WorkBook For Young Mind

Authors: Pranab Nath

1st Edition

B0C2S47K82, 979-8391164623

More Books

Students also viewed these Accounting questions

Question

Discuss ethical issues in communication disorders

Answered: 1 week ago