A company expects to receive which of the following benefits when it uses its budgeting process?

a. The planning required to develop the budget helps managers foresee and avoid potential problems before they occur.

b. The budget helps to motivate employees to achieve the company’s sales growth and cost reduction goals.

c. The budget provides the company’s managers with a benchmark against which to compare actual results for performance evaluation.

d. All the listed items are benefits of the budget process.