Which of the Following Is a Benefit Associated with Budgeting

question 38

Multiple Choice

Which of the following is a benefit associated with budgeting?

• A) Promotes planning and coordination.
• B) The ability to take corrective action to improve performance.
• C) Enhances performance measurement.
• D) All of the answers are correct.

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Definitions:

Percent More

A relative increase from one value to another expressed as a percentage.

Initial Value

The starting value of a financial variable before any changes, such as interest or depreciation, are applied.

Percent Change

The measure of how much a quantity grows or shrinks compared to its previous value, often expressed as a percentage.

Equity Mutual Fund

A type of mutual fund that invests primarily in stocks, aiming to provide investment returns that correlate with the performance of the stock market.