Which Statement About the Uses of Budgets Is Not True

question 23

Multiple Choice

Which statement about the uses of budgets is not true?

• A)They can assist in identifying short-term problems.
• B)They can provide a system of authorisation for managers to spend up to a particular limit.
• C)They are mainly used to set prices.
• D)None of the above, i.e., all are true statements.

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Definitions:

Audience

A group of people who watch, read, or listen to the same thing.

Key Goals

Primary objectives or targets that an individual, group, or organization aims to achieve.

Purpose

The reason for which something is done or created or for which something exists.

Scope

Scope refers to the extent or range of an activity, project, or study, outlining its boundaries and what it aims to cover or achieve.