The primary purpose of a budget is:
A) to identify which employees are doing a good job and which are doing a poor job.
B) to show how resources will be acquired and used.
C) to find the cheapest source of supplies and expenses.
D) to identify who should be promoted.

Question

Quizplus · Accepted Answer

The primary purpose of a budget is to show how resources (such as money, time, and materials) will be acquired and used. This helps organizations plan and prioritize their spending, and ensures that they are using their resources effectively and efficiently. The other options listed are not relevant to the purpose of a budget.

The Primary Purpose of a Budget Is