Which of the following factors is NOT an advantage of preparing operating budgets?
A)It provides resource information that can be used to improve decision making.
B)It improves communication and coordination.
C)It aids in the use of resources and employees by setting a benchmark that can be used for the subsequent evaluation of performance.
D)It saves time and resources.

Question

Quizplus · Accepted Answer

Preparing operating budgets requires time and resources to gather and analyze data, develop estimates, and communicate with relevant parties. Therefore, it does not save time and resources.

Which of the Following Factors Is NOT an Advantage of Preparing