A budget may be used as a planning tool, but NOT as a control tool.

Name: A budget may be used as a planning tool, but NOT as a control tool.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A budget can be used both as a planning tool and as a control tool. As a planning tool, it helps in setting goals and identifying resources needed to achieve those goals. As a control tool, it helps in comparing actual results with budgeted results and taking corrective actions if necessary.

A Budget May Be Used as a Planning Tool, but NOT