Which of the following managerial tools provides the best control over the expenditures and revenues in a firm?
A)Job description.
B)A volume analysis.
C)Sales forecast.
D)Good communication between management and the sales force.
E)Budgets.

Question

Quizplus · Accepted Answer

Budgets provide a detailed plan for all expected revenues and expenditures within a firm, allowing for better control over financial resources. Job descriptions, volume analysis, sales forecasts, and good communication with the sales force are all important tools in managing a business, but they do not provide the level of financial control that budgets do.

Which of the Following Managerial Tools Provides the Best Control