Which of the Following Is Not a Strong Reason for Budgeting

question 64

Multiple Choice

Which of the following is not a strong reason for budgeting?

• A)Budgets provide a benchmark for judging performance.
• B)Budgeting requires little effort by non-accounting managers.
• C)Budgeting requires management to plan.
• D)Budgeting requires coordination among the functional areas of the firm.

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.

Physical Capital

Tangible assets used in the production of goods and services, such as machinery and buildings.

Generates Output

The process of producing or delivering a result, product, or service from a set of inputs or processes.

Undertaking Project

The process of planning, executing, and completing a project with specific goals and objectives.