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Megan Bush
on Oct 15, 2024

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Which of the following is a benefit derived from budgeting?

A) Budgeting focuses management's attention on past performance.
B) Budgeting avoids needing industry and economic factors in decision making.
C) Budgeting provides a basis for evaluating performance.
D) Budgeting avoids the need for incentives to improve employee performance.
E) Budgeting eliminates the need for coordination across departments.

Budgeting

The process of creating a plan to spend your money over a specified period, outlining projected income and expenses.

  • Acquire knowledge on the essential concepts and practices for successful budget development and regulation.
  • Identify the impact of different budgeting strategies on managing costs and assessing performance.
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KR
Karimah RembertOct 16, 2024
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