Budgeting requires managers to develop overall business goals and budget for specific actions to achieve the goals.

Name: Budgeting requires managers to develop overall business goals and budget for specific actions to achieve the goals.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Budgeting is a strategic process that involves setting overall business goals and planning for specific actions to achieve those goals within a specific time frame. Therefore, the statement is true.

Budgeting Requires Managers to Develop Overall Business Goals and Budget