No matter the size or nature of an organization, the absolute prerequisite for successful planning and budgeting by management is:
A) The development of a cohesive business plan.
B) An understanding of the market in which the organization will operate.
C) Agreement on the organization's mission and objectives.
D) A corporate charter.

Question

Quizplus · Accepted Answer

Agreement on the organization's mission and objectives is fundamental as it guides all planning and budgeting efforts, ensuring alignment with the organization's overall goals.

No Matter the Size or Nature of an Organization, the Absolute