1. Which of the following is an advantage of the budgeting process?

It requires very little input from various departmental managers, leaving them more time to devote to day-to-day activities.

It can communicate to employees specific goals and objectives that may be used in evaluating their job performance.

It requires no communication between various managers in the organisation.

It forces management to focus on the past and not be distracted by the day-to-day operations of the business.