The Primary Benefits of Budgeting Include All of the Following

question 197

Multiple Choice

The primary benefits of budgeting include all of the following except it

• A) requires only top management to plan ahead and formalize their future goals.
• B) provides definite objectives for evaluating performance.
• C) creates an early warning system for potential problems.
• D) motivates personnel throughout the organization.

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Definitions:

Growth Potential

refers to the capacity for expansion or advancement, either for an individual, a business, or a product in the market.

Growth-need Strength

An individual's intrinsic desire for self-improvement or personal growth, influencing their motivation and satisfaction within their job or workplace.

Psychological Growth

The process of enhancing one's emotional, mental, and psychological capacities, often through experiences, learning, and personal development.

Work

The exertion of effort in order to achieve or accomplish something, typically involving physical or mental activities in a job or profession.