On the basis of the budget reports,
A) management analyzes differences between actual and planned results.
B) management may take corrective action.
C) management may modify the future plans.
D) all of these.

Question

Quizplus · Accepted Answer

Budget reports are used by management to compare actual results to planned results and identify any variances. Based on this analysis, they may take corrective action to address any issues or modify future plans to align them more closely with actual results. Therefore, all of the given options are correct statements about the use of budget reports by management.

On the Basis of the Budget Reports