Which of the Following Is Not a Benefit of Budgeting

question 11

Multiple Choice

Which of the following is not a benefit of budgeting?

• A)It allows for coordination between various business units.
• B)It sets goals for the organization.
• C)It formalizes the plans of management.
• D)It reduces the need for analysis with regard to company expenses

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Definitions:

Efficiency

The effectiveness with which resources are used to produce goods and services, achieving the highest output with the lowest input.

Efficiency

The degree to which resources are used optimally to achieve a desired outcome, minimizing waste and maximizing output.

Equality

The situation where individuals have the same rights, opportunities, and status.

Society's Resources

The total available assets, both natural and man-made, that are available for use by a society.