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Which of the following is true about budgeting? I. Cash flow management is a form of budgeting. II. Budgeting provides a guideline to measure actual

Which of the following is true about budgeting?

I. Cash flow management is a form of budgeting.

II. Budgeting provides a guideline to measure actual performance.

III. Budgeting is creating a plan for spending and investing client resources.

IV. Budgeting should indicate the actual results.

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A. IV

B. I, II and III

C. All of the above

D. II and III

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