Question: The budget should use historical data: Only as a stepping-off point for aiding projections into the future. Because things don't really change. And add a
The budget should use historical data: Only as a stepping-off point for aiding projections into the future. Because things don't really change. And add a 5% growth factor for each year. Because management is satisfied with historical results. Which of the following is not a requirement of budgeting? Goals must be realistic and possible to attain. There must be accountability for actual results. Management must clearly define its objectives. The budget must not be changed under any circumstances
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
