Which of the following is NOT true of the budgeting process?
A. Budgeting provides feedback to management to aid in assessing how well it’s reaching its goals.
B. Budgets force managers to plan for the future.
C. Budgets force managers to consider relations among operations across the entire value chain.
D. The performance report is prepared as part of the master budget.
D
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Under comparative negligence, if a plaintiff is found by the jury to be 25 percent negligent and
the damages are $100,000, the plaintiff would only recover $25,000. Indicate whether the statement is true or false
The Financial Definition of insurance:
A) is that insurance is a contract in which one party agrees to compensate another party for losses covered by the contract B) is that insurance is a financial agreement that transfers the risk of insured losses to a risk pool by an insurer C) differs from state to state D) is that it is any pool for which the insurance mechanism works