Budgets are used to:
I. Forecast future performance
II. Compare to actual operations
III. Communicate an organization's strategy and targets
A) I only
B) II only
C) I and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Budgets are used to forecast future performance, compare to actual operations and communicate an organization's strategy and targets. Therefore, all the options (I, II and III) are correct.

Budgets Are Used To