Management uses budgeting to express its plans and to assess how well it's reaching its goals.

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Budgeting is a tool used by management to plan, prioritize and control resources, and to evaluate how efficiently and effectively they are being utilized to achieve organizational goals. Budgets are used to express management's plans, objectives, and strategies, and to monitor progress towards achieving them. By comparing actual performance against planned goals, they can identify areas where performance needs to be improved and make adjustments to ensure that future plans are achievable and realistic.

Management Uses Budgeting to Express Its Plans and to Assess