Which Is Not One of the Benefits of Using Budgeting

question 20

Multiple Choice

Which is not one of the benefits of using budgeting software?

• A)Reduce the time and effort involved in the budget process.
• B)Make planning an ongoing continuous process.
• C)Evaluate buy-versus-lease options
• D)Automatically monitor exceptions for patterns and trends.

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Definitions:

Maturity Factoring

A form of financing where a business sells its invoices to a factor at a discount for immediate cash, with the collection of funds from customers handled by the factor upon maturity.

Cash Conversion Cycle

A metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Payables Deferral Period

The amount of time a company takes to pay off its suppliers after receiving goods or services, affecting its cash flow.

Daily Sales

The total revenue or amount of goods and services sold by a business within a single day.