Which of the Following Statements About Budgets and Budgeting Is

question 60

Multiple Choice

Which of the following statements about budgets and budgeting is FALSE?

• A) Budgets help coordinate financial and operational activities.
• B) The vast majority of managers use budgeting as an effective cost management tool.
• C) Budgeting is the process of formulating an organization's plans.
• D) Managers do not use budgets for performance evaluation.

---

Definitions:

Soufflot's Panthéon

A neoclassical monument in Paris, France, designed by architect Jacques-Germain Soufflot as a church dedicated to St. Genevieve, now serving as a mausoleum for notable French figures.

Rococo

A style, primarily of interior design, that appeared in France around 1700. Rococo interiors featured lavish decoration, including small sculptures, ornamental mirrors, easel paintings, tapestries, reliefs, wall paintings, and elegant furniture. The term Rococo derived from the French word rocaille (pebble) and referred to the small stones and shells used to decorate grotto interiors.

Neoclassical

A style of art and architecture characterized by a return to classical ideals of beauty, harmony, and symmetry, emerging in the late 18th century.

Wealthy Socialites

Individuals of high social status who are often wealthy and influential, frequently appearing at fashionable events and public gatherings.