Which of the following is a use of budgets for control? * A. plans can be made for the future B. communication is improved C. if conditions change between the formation of the budget and the current time, budgets can be quickly adapted D. budgets set a standard against which results can be compared

Which of the following is a use of budgets for control? * A. plans can be made for the future B. communication is improved C. if conditions change between the formation of the budget and the current time, budgets can be quickly adapted D. budgets set a standard against which results can be compared

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 8MC: Which of the operating budgets is prepared first? A. production budget B. sales budget C. cash...

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Question

Which of the following is a use of budgets for control? *

A. plans can be made for the future
B. communication is improved
C. if conditions change between the formation of the budget and the current time, budgets can be quickly adapted
D. budgets set a standard against which results can be compared

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Similar questions

Which budget evaluates the results of operations at the actual level of activity? capĂtal budget cash budget flexible budget static budget
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Which budget is the starting point in preparing financial budgets? the budgeted income statement the budgeted balance sheet the capital expense budget the cash receipts budget
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Which of the operating budgets is prepared first? A. production budget B. sales budget C. cash received budget D. cash payments budget
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