Which of the Following Is a Benefit of Budgeting

question 11

Multiple Choice

Which of the following is a benefit of budgeting?

• A)Focuses management's attention on the future
• B)Improved decision-making processes
• C)Improved motivation by employees
• D)All of the above

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Definitions:

Equities

Financial instruments representing ownership interest in a company, commonly referred to as stocks, which entitle the holder to a share of the company's earnings and assets.

Accounts Receivable

Receivables from customers for goods delivered or services provided by a business, not yet paid for.

Creditor

A party or entity that lends money or extends credit to another party, typically expecting repayment in the future.

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received but not yet paid for.