A budget is
A)a planning tool.
B)a control tool.
C)a means of communicating goals to the firm's divisions.
D)all of the above.

Question

Quizplus · Accepted Answer

A budget serves as a planning tool for setting financial goals and objectives for the future. It also serves as a control tool for monitoring and adjusting spending to ensure that the goals are met. Additionally, a budget can be used to communicate goals and priorities to various divisions within a firm. Therefore, all of the options are correct.

A Budget Is