Differences between actual results and budgeted amounts can help managers implement and evaluate strategies.

Question

Quizplus · Accepted Answer

Differences between actual results and budgeted amounts can provide valuable insights into the effectiveness of strategies and allow for adjustments to be made to improve performance. By comparing actual results to budgeted amounts, managers can identify areas in which they exceeded or fell short of their goals and determine the reasons why. This can help them make more informed decisions and refine their strategies to better meet their objectives in the future.

Differences Between Actual Results and Budgeted Amounts Can Help Managers