Which of the Following Is Not a Benefit of Budgeting

question 78

Multiple Choice

Which of the following is not a benefit of budgeting?

• A)It forces managers to look to the future.
• B)It plays an important role in communication within the organization.
• C)It serves an important role in motivating and rewarding employees.
• D)It builds organizational slack.

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Definitions:

Obliged Party

A person or entity that is contractually or legally required to fulfill certain duties or obligations.

Ratified

Official approval or confirmation of an agreement, treaty, or contract by all parties involved.

Unauthorized Signature

A signature placed on a document by someone who does not have the legal authority or permission to sign on behalf of the indicated party.

Warranties

Warranties are assurances provided by a seller regarding the quality, condition, or performance of a product, explicitly stated or implied by law.