One of the key benefits of budgeting is that it forces managers to plan.

Question

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Budgeting requires managers to set goals, identify resources, and plan for how those resources will be used. This process encourages managers to think strategically and make informed decisions about their operations. Without a budget, managers may operate in a reactive manner, making decisions on an ad-hoc basis rather than by following a plan. Therefore, budgeting helps managers take a proactive approach to managing their resources and achieving their goals.

One of the Key Benefits of Budgeting Is That It