Which of the Following Statements About Budgeting Is Not True

question 85

Multiple Choice

Which of the following statements about budgeting is not true?

• A) Budgeting is designed to be an aid to planning and control.
• B) Budgets create standards for performance evaluation.
• C) Budgets help coordinate the activities of the entire organization.
• D) Budgeting forces managers to think ahead and to formalize long-range objectives.
• E) Budgeting eliminates the need for day-to-day monitoring of operations.

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Definitions:

Convenience

The ease and usefulness with which a product or service can be used, which can enhance its attractiveness to customers.

Audience Fragmentation

The division of audiences into smaller groups due to the wide variety of media outlets and platforms.

Privacy Concerns

The apprehension individuals have about the safety and confidentiality of their personal information collected by organizations or websites.

Internet Growth

The exponential increase in internet usage, online services, and digital connectivity that has transformed global communication, commerce, and access to information.