Which of the following statements about budgeting is not true?
A) Budgeting is an aid to planning and control.
B) Budgets create standards for performance evaluation.
C) Budgets help coordinate the activities of the entire organization.
D) Budgeting forces managers to think ahead and formalize long-range objectives.
E) Budgeting eliminates the need for day-to-day monitoring of operations.
Correct Answer:
Verified
Q1: The common factors in successful budgets are
Q2: The master budget for a given accounting
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Q5: A plan showing the units of goods
Q7: The process of planning business actions in
Q9: Which of the following factors is least
Q10: An accounting statement that presents predicted amounts
Q10: Which of the following budgets must be
Q11: Which of the following budgets is not
Q18: Which of the following is not a
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