One objective of budgeting is to motivate managers to:
A) Eliminate all variances.
B) Use resources efficiently.
C) Lessen the need for communication.
D) Establish prices for external sales of goods and services.

Question

Quizplus · Accepted Answer

Budgeting aims to encourage managers to use resources efficiently by setting financial targets and performance benchmarks, thereby promoting cost-effective operations and optimal resource allocation.

One Objective of Budgeting Is to Motivate Managers To