A company looks at its expenses and finds that its payments to freelancers increased significantly over the past few months, exceeding the budget by 25 percent.This is an example of ________.
A)using a budget for planning
B)using data to confirm a budget
C)justifying expenses with a budget
D)using a budget for monitoring and controlling

Question

Quizplus · Accepted Answer

This is an example of using a budget for monitoring and controlling, as the company has identified that their payments to freelancers have exceeded the budget by 25 percent. They can now take corrective actions to bring the expenses back in line with the budget.

A Company Looks at Its Expenses and Finds That Its