Which of the following statement is incorrect?Select one:a. Budgets help managers tailor their operations to meet their financial goals.b. Budgeting is a numerical tool that help managers reach the financial goals in their business plans.c. A budget is a useful planning tool for businesses only.d. Budgeting is a financial plan for a defined period, often one year

Which of the following statements about budgets is NOT true? A. Budgets help coordinate activity throughout the entity. B. Budgets help individuals throughout the entity to see how their efforts contribute toward the entity's strategic objectives. C. Budgets operationalise the strategic plan. D. Budgets usually span the entire strategic planning period

The following are the benefits of the budgeting, except:Select one:a. Budgets help managers tailor their operations to meet their personal goals.b. Planning involves setting short-term objectives that align with the company’s long-term strategyc. Budgets can be compared to actual amounts, and the analysis can be used to evaluate current operations and employee performance.d. Provide a more detailed picture of what goals need to be accomplished.

Identify which of the following is NOT a good way for managers to use a budget.Managers can use budgets alone to estimate how well they perform over a period of timeManagers can consider how conditions might change and what steps they would takeManagers can examine relationships between their own operation and those of other departmentsMangers can set a target for themselves to achieve

Which statement best describes a budget?A.A budget is a prediction of future earnings.B.A budget is how much income goes to pay off debt.C.A budget is how much you earn in a year.D.A budget is a plan for estimating income and expenses for a set period.SUBMITarrow_backPREVIOUS

A budget is:Group of answer choicesthe process relating to the longer term planning for a business.all of the options are true.a financial statement prepared for external users.a quantitative expression of an entity's future plans.