Question
Which of the following statements about budgets is true? a. Budgets are used for two distinct purposes control and evaluation. b. A disadvantage of budgeting
Which of the following statements about budgets is true?
| a. | Budgets are used for two distinct purposes control and evaluation. | |
| b. | A disadvantage of budgeting is that budgets make it more difficult for a company to coordinate the activities of the entire organization. | |
| c. | One of the weaknesses of budgets is that they are of little value in uncovering bottlenecks. | |
| d. | A continuous or perpetual budget is a 12 month budget that rolls forward one month (or quarter) as the current month (or quarter) is completed. |
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
978-1259206955, 1259206955, 77862368, 978-0077862367
