Which of the following is true about budgets?

(1) Budgets are financial plans for the future

(2) Budgets identify objectives, and the actions needed to achieve them

(3) Budgets should be related and linked to the strategic company plan

1. Only (1)

2. (1), (2) and (3)

3. Only (2) and (3)

4. Only (2)

5. Only (3)

6. Only (1) and (2)

Answer rating: 100% (QA)

1 2 and 3 are True 1 True Budgets are Financial plans for fut... View the full answer