Which of the following statements about budgeting is not true?
A) Budgeting is an aid to planning and control.
B) The operating budget should be prepared by top management, rather than mid-management personnel, because they have the overall objectives of the company in mind.
C) Budgets help to coordinate the activities of the entire organization.
D) Budgets promote communication and coordination between departments.
Correct Answer:
Verified
Q29: The _ budget is part of the
Q30: All of the following are functions of
Q31: The _ budget is part of the
Q33: Managers may intentionally build slack into the
Q34: The budget committee
A)rarely has the final say
Q35: Which of the following alternatives reflects the
Q36: The _ budget is part of the
Q37: Which of the following budgets is a
Q39: The _ budget is part of the
Q59: List and describe three reasons why a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents