Which of the Following Is Not a Benefit of Budgeting

question 67

Multiple Choice

Which of the following is not a benefit of budgeting?

• A)It reduces the need for tracking actual cost activity.
• B)It sets benchmarks for evaluation performance.
• C)It uncovers potential bottlenecks.
• D)It formalises a manager's planning efforts.

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Definitions:

Trust Between

The level of confidence, reliability, and understanding existing among individuals, organizations, or systems, enabling a cooperative or interdependent relationship.

On-the-Job Training

Training provided to employees at their place of work, focusing on the practical application of skills necessary for their role.

Small and Medium

Generally refers to small and medium-sized businesses or enterprises characterized by their size, which falls below certain limits in terms of employees or revenue.

Low Costs

Refers to minimal financial expenditure or the aim to reduce expenses in business operations or activities.