Question

Which of the following is true of budgeting? Select one: a. Budgeting eradicates the need for keeping a buffer against uncertainties in demand. b. Budgeting forces management to plan for the future. c. Budgeting relies on the control cycle to design the planning cycle for future action. d. Budgeting creates a plan of action only in terms of production units. e. Budgeting focuses only on long-term objectives as covered by the planning cycle.

Answer 1

Answer:

The Correct Answer is "C"

Explanation:

Planning depends on the control cycle to structure the arranging cycle for future activity. Therefore, the budgeting plans are just to gauge which are then utilized for building the correlation with actual to decide the execution assessment. Furthermore, the planning powers does not assist in arranging the future outcomes