Which of the Following Statements About Budgeting Is INCORRECT

question 87

Multiple Choice

Which of the following statements about budgeting is INCORRECT?

• A) Budgeting is an accounting function and does not need involvement of operations personnel.
• B) Budgeting is an aid to planning and control.
• C) Budgets help to coordinate the activities of the entire organization.
• D) Budgets promote communication and coordination between departments.

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Definitions:

Owned By

The state or condition of being legally possessed or controlled by an individual or entity.

Constructive Fraud

Deception that occurs when a person or entity gains an unfair advantage over another through dishonest or unfair practices, without the need for traditional deceit.

Intent to Deceive

The deliberate intention to mislead or trick someone, often to gain an unfair advantage or benefit.

Material Fact

A fact that is significant or essential to the issue or matter at hand, and could influence a decision.