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.

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Definitions:

Migration

The movement of people from one place to another, often across political boundaries, for the purpose of settling temporarily or permanently.

Wage Rate

The amount of money paid to an employee for a specific amount of work, typically expressed per hour or year.

Value Of The Total Product

The total market value of all goods and services produced by an economy over a specific period.

Zinnia

A genus of plants in the sunflower tribe within the daisy family, known for their diverse and colorful flowers, often grown for ornamental purposes.