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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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