A Major Benefit of Effective Budgeting Is That _____

question 14

Multiple Choice

A major benefit of effective budgeting is that _____.

• A)it compels managers to think ahead
• B)it aids managers in communicating objectives to units
• C)it provides benchmarks to evaluate subsequent performance
• D)all of these answers are correct

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Definitions:

Liability

A company's legal financial debts or obligations that arise during the course of business operations.

Copyrighted Software

Computer programs that are legally protected from unauthorized copying, distribution, or modification by copyright law.

Property Issue

A Property Issue refers to disputes or legal matters related to the ownership, use, or transfer of real estate or personal property.

Advertisers

Organizations or individuals that pay to display advertisements in order to promote goods, services, or ideas to potential customers.