Budgets are a key component of planning.

Name: Budgets are a key component of planning.
Brand: Quizplus
Rating: 4.8 (59 reviews)

Question

Quizplus · Accepted Answer

Budgets are an essential tool for planning and determining the financial resources necessary to achieve business objectives. They provide a framework for allocating resources, establishing priorities, and measuring performance. Without a budget, it would be difficult to establish goals, allocate resources, monitor progress, and evaluate the effectiveness of the organization's activities.

Budgets Are a Key Component of Planning