Which of the Following Statements About Budgeting Is False

question 137

Multiple Choice

Which of the following statements about budgeting is false?

• A)Budgeting is 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 formalize long-range objectives.
• E)The master budget should only be prepared by top management.

---

Definitions:

Cults

Religious groups devoted to a specific cause or charismatic leader.

Married Couples

Two individuals legally united in marriage, often recognized by law, culture, or religion, and granted certain legal rights and responsibilities.

Households

Units consisting of one or more people living in the same dwelling and sharing at means such as meals or living accommodation.

Protestant Ethic

A concept in sociology that describes the Calvinist belief in hard work and frugality as means of achieving a person's salvation.