An annual (rather than quarterly)budget period is most likely to be used in a company that:
A)Wants considerable flexibility in its budget.
B)Wants very close control over its operations.
C)Has seasonal production and marketing cycles.
D)Wants to minimize the time and detail that goes into the budgeting process.
E)Anticipates there will be some unforeseen developments during the year.

Question

Quizplus · Accepted Answer

An annual budget period is more likely to be used by a company that wants to minimize the time and detail that goes into the budgeting process, as it requires less frequent planning and adjustments compared to a quarterly budget.

An Annual (Rather Than Quarterly)budget Period Is Most Likely to Be