One of the benefits of a well implemented and executed budget is communication. Which of the following best describes communication within the budgetary cycle?
A) meshing and balancing of all aspects of production or service
B) making each manager aware of the plan and allowing each manager to understand the importance of the plan
C) allocation of scarce resources across all functional areas of the company
D) the calculation of deviations from plan

Question

Quizplus · Accepted Answer

Communication within the budgetary cycle involves making each manager aware of the plan and allowing them to understand the importance of the plan. This helps to ensure that everyone is on the same page and working towards the same goals. It also fosters collaboration and accountability among team members. While options A, C, and D may be benefits of a well-implemented budget, they do not accurately describe communication within the budgetary cycle.

One of the Benefits of a Well Implemented and Executed