Asked by brianna mcrae on Jun 06, 2024
Verified
One of the weaknesses of budgets is that they are of little value in uncovering potential bottlenecks.
Budgets
Financial plans that outline expected revenues and expenditures for a specific period, guiding spending and investment decisions.
Bottlenecks
Restrictions in a production process that limit throughput, often leading to delays and reduced production efficiency.
- Comprehend the fundamental principles and importance of budgeting within management.
Verified Answer
ZK
Zybrea KnightJun 07, 2024
Final Answer :
False
Explanation :
Budgets are actually useful for identifying potential bottlenecks by allocating resources and setting performance benchmarks, which can highlight areas where resources may be insufficient or where there might be operational inefficiencies.
Learning Objectives
- Comprehend the fundamental principles and importance of budgeting within management.
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