Respond that the following statements are TRUE or FALSE: 1) A budget is a financial plan that
Fantastic news! We've Found the answer you've been seeking!
Question:
Respond that the following statements are TRUE or FALSE:
1) A budget is a financial plan that managers use to coordinate a business's activities.
2) Budgeting requires managers to decide upon the course of action and then to plan for the same.
3) Budgets provide a benchmark that motivates employees and helps managers evaluate performance.
4) A goal of the budgeting process is to communicate a consistent set of plans throughout the company.
5) Developing a budget reduces coordination and communication at different levels in an organization.
Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
Posted Date: