Which of the following is an example of the planning function of the budgeting process? A. Budget figures are used to evaluate the performance of managers. B. A budget demands integrated input from different business units and functions. C. The budget outlines a specific course of action for the coming period. D. Employees are motivated to achieve the goals set by the budget.

Question

Zayden Choi

Business

18 October, 06:46

Which of the following is an example of the planning function of the budgeting process? A. Budget figures are used to evaluate the performance of managers. B. A budget demands integrated input from different business units and functions. C. The budget outlines a specific course of action for the coming period. D. Employees are motivated to achieve the goals set by the budget.

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Answers (1)

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Lawson Walton · Answer 1

The correct answer is letter "C": The budget outlines a specific course of action for the coming period.

Explanation:

Budgets are estimates of the expenditures a firm expects over a certain period. They serve as tools to measure the amount of money the company should use to conduct its different activities. In most cases, managers of each department within an organization handle their own budgets to be provided to the central department in charge of budgeting the overall firm budget which will approve or adjust the unit's budget.