________ are a control tool because they provide managers with quantitative standard for measurement and compare resource consumption.
A)Strategic plans
B)Feedback controls
C)Profitability ratios
D)Budgets

Question

Quizplus · Accepted Answer

Budgets enable managers to set quantitative standards for resource consumption, such as setting limits on spending for specific activities or departments. By comparing actual spending to budgeted amounts, managers can identify areas of over- or under-spending and make adjustments to ensure resources are being used efficiently.

________ Are a Control Tool Because They Provide Managers with Quantitative