This Question: 1 pt1 of 13 (0 complete)This Quiz: 20 pts po A company can expect

Question

This Question: 1 pt1 of 13 (0 complete)This Quiz: 20 pts po A company can expect to receive which of the following benefits when it uses a budgeting process? OA. The planning required to develop the budget helps managers foresee and avoid OB. The budget helps motivate employees to achieve sales growth and cost-reduction ° C. The budget provides managers with a benchmark against which to compare actual O D. All of the above potential problems before they occur goals. results for performance evaluation

Explanation / Answer

Correct answer is C. The budget provides managers with a benchmark against which to comapre actual results for performance evaluation

Budgeting process is a process under which budgets are set in advance for future income and expenses, they are based on assumptions and after the actual performance, budgets becomes the benchmark to judge or compare the actual results with.

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