Budgets are an important control tool and they contribute to only positive outcomes.

Question

Quizplus · Accepted Answer

Budgets can be a helpful control tool, but they may not always result in positive outcomes. Poorly designed or unrealistic budgets can lead to excessive spending cuts, hinder growth and development, and negatively impact employee motivation and job satisfaction. Additionally, unexpected external factors or changes in the business environment can render budgets ineffective.

Budgets Are an Important Control Tool and They Contribute to Only