multiple problem - Which of the following is not a benefit...

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Which of the following is not a benefit of budgeting? (a) Management can plan ahead. (b) An early warning system is provided for potential problems. (c) It enables disciplinary action to be taken at every level of responsibility. (d) The coordination of activities is facilitated. Answer: (c) It enables disciplinary action to be taken at every level of responsibility. A budget: (a) is the responsibility of management accountants. (b) is the primary method of communicating agreed-upon objectives throughout an organization. (c) ignores past performance because it represents management's plans for a future time period. (d) may promote efficiency but has no role in evaluating performance. Answer: (b) is the primary method of communicating agreed-upon objectives throughout an organization. 3 The essentials of effective budgeting do not include: (a) top-down budgeting. (b) management acceptance. (c)
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multiple problem - Which of the following is not a benefit...

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