Which of the following is an example of the planning function of a budget?
A) A budget demands integrated input from different business units and functions.
B) Employees are motivated to achieve the goals set by the budget.
C) Budget figures are used to evaluate the performance of managers.
D) The budget outlines a specific course of action for the coming period.
Correct Answer:
Verified
Q3: Budgeting requires managers to decide upon the
Q4: After comparing budgets with actual results, corrective
Q5: An operating budget is a short-term financial
Q6: A master budget is the financial plan
Q7: Which of the following statements is true
Q8: A flexible budget is prepared to represent
Q10: Budgets provide a benchmark that motivates employees
Q19: Developing a budget reduces coordination and communication
Q34: A strategic budget is a long-term financial
Q38: Budgeted financial statements are financial statements based
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