Asked by Bruno Vieira on Jul 08, 2024
Verified
Which one of the following is not a benefit of budgeting?
A) It facilitates the coordination of activities.
B) It provides definite objectives for evaluating performance.
C) It provides assurance that the company will achieve its objectives.
D) It requires all levels of management to plan ahead on a recurring basis.
Evaluating Performance
The process of assessing and reviewing the productivity, effectiveness, and efficiency of an individual, group, or entity, often in a business context.
Recurring Basis
A consistent and ongoing manner of operation or occurrence, typically referring to events or processes that happen at regular intervals.
- Recognize the benefits of budgeting and the common pitfalls or misconceptions associated with its effectiveness.
Verified Answer
PM
Papango, Mary GraceJul 14, 2024
Final Answer :
C
Explanation :
Budgeting provides a plan for achieving objectives, but it does not guarantee that those objectives will be achieved. It helps management to plan ahead, coordinate activities, and evaluate performance based on measurable targets.
Learning Objectives
- Recognize the benefits of budgeting and the common pitfalls or misconceptions associated with its effectiveness.
Related questions
Which of the Following Items Does Not Follow from the ...
In Preparing and Using Any Budget, It Is Important That ...
Which of the Following Items Should Be Taken into Account ...
Hesterman Corporation Makes One Product and Has Provided the Following ...
Discuss How Participative Budgeting Can Achieve Acceptance of the Budget ...