Under what situation might a budget be most effective?

Name: Under what situation might a budget be most effective?
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Budgets are most effective when used to evaluate a manager's performance. It provides a clear guideline for the manager to plan and control expenses. By comparing the actual results against the budgeted results, the manager can identify areas of improvement and take corrective actions if necessary. This helps in achieving the organization's goals and objectives efficiently.

Under What Situation Might a Budget Be Most Effective