Which of the following is true about budgets?
A)Budgets are financial plans for the future.
B)Budgets identify objectives and the actions needed to achieve them.
C)Budgets should be tightly linked to the strategic plan.
D)all of the above

Question

Quizplus · Accepted Answer

All three options are true about budgets. Budgets are financial plans for the future that enable organizations to identify objectives and the actions necessary to achieve them. Budgets should be well aligned with the company's strategic plan, which outlines the organization's goals, mission, values, and vision.

Which of the Following Is True About Budgets