Budgets are advantageous because they
A) compel planning that includes the implementation of plans, provide performance criteria, and promote goodwill.
B) provide performance criteria, promote goodwill, and save money.
C) compel planning that includes the implementation of plans, provide performance criteria, and promote communication and coordination within the organization.
D) compel planning that includes the implementation of plans, require organizing, and ensure controlling.
E) ensure that the organization meets its goals.
Correct Answer:
Verified
Q1: Benchmarks encourage the setting of stretch goals.
Q2: The priority approach to budgeting is an
Q3: Planning the performance of the organization, providing
Q3: Budgeted financial statements are also referred to
Q4: A master budget
A)includes only financial aspects of
Q4: Budgets can play both planning and control
Q6: The actual data resulting from a strategy
Q8: Management at all levels should understand and
Q10: The master budget embraces the impact of
Q11: The master budget summarizes all the financial
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