In regard to budgets, which of the following statements is not true?
A) Budgets include an itemized forecast of a company's expenses.
B) Budgets are a poor tool for financial control.
C) Budgets are an important tool for financial planning.
D) Budgets include an itemized forecast of a company's capital needs.
E) Budgets include an itemized forecast of a company's income.

Question

Quizplus · Accepted Answer

Budgets are actually a very effective tool for financial control, as they provide a clear plan for managing expenses and can help prevent overspending. The other statements are all true - budgets include forecasts of expenses, capital needs, and income, and they are an important tool for financial planning.

In Regard to Budgets, Which of the Following Statements Is