The benefits of budgeting include all of the following except:
A)Enabling the company to produce more for less cost.
B)Assigning responsibility for situations that require corrective action.
C)Coordinating activities between departments within the organization.
D)Creating standards for evaluating performance.

Question

Quizplus · Accepted Answer

Budgeting helps in assigning responsibility, coordinating activities, and creating standards for evaluating performance. However, it may not necessarily enable a company to produce more for less cost. It may help in identifying areas where costs can be cut or optimized but ultimately, it depends on the management's ability to implement those cost-saving measures effectively.

The Benefits of Budgeting Include All of the Following Except