Review the following incomplete statements regarding the advantages of budgeting.
a. The budgeting process forces management to focus on the ___________ and not be distracted by daily crises in the organization.
b. The budgeting process can define specific ___________ and objectives that can become ___________, or standards of performance, for evaluating future performance.
c. The budgeting process forces ___________ throughout the organization.
d. The budgeting process can increase the coordination of organizational activities and help facilitate goal ___________.
e. The budgeting process can help management identify and deal with potential ___________ or constraints before they become major problems.

Complete each of the above incomplete statements with the correct term or terms from the following list: bottlenecks, communication, future, goals, congruence, benchmarks.

  • CreatedMarch 11, 2015
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