When a budget is formulated, it is being used as a(n) _________ tool.
A)organising
B)leadership
C)controlling
D)planning

Question

Quizplus · Accepted Answer

A budget is primarily used as a planning tool. It helps in forecasting future expenses and revenue and sets a direction for the business to follow. While it can also aid in organising and controlling expenditures, its primary purpose is to guide the business's strategic financial decisions.

When a Budget Is Formulated, It Is Being Used as A(n)