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

Name: Management uses budgeting to express its plans and to assess how well it's reaching its goals.
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Budgeting is a process by which management expresses its plans and objectives in financial terms and also evaluates its performance in achieving those objectives. It helps to monitor the progress of the organization and take corrective measures if there is any deviation from the plan.

Management Uses Budgeting to Express Its Plans and to Assess