The organizational process of budgeting performs several important functions

The organizational process of budgeting performs

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5.The organizational process of budgeting performs several important functions. Which is true? A.Assigns decision rights B.Shares knowledge C.Forces planning D.Measures performance E.All of the above Solution The organizational process of budgeting performs all of the important functions, including assigning decision rights, sharing knowledge, forced planning, and measuring performance. Organizations use budgets in order to accomplish these important functions within the business. 6.Which of these is true? Solution Standard volume = Actual quantity of outputs × number of cost driver units (e.g., DLH or MH) allowed per unit of output
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