Answered: Which of the following is not a benefit…

Which of the following is not a benefit of budgeting? a. It sets some standards to evaluate performance. b. It uncovers drawbacks of department performance

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 1MC: Which of the following is not a part of budgeting? A. planning B. finding bottlenecks C. providing...

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Question

Which of the following is not a benefit of budgeting?
a.
It sets some standards to evaluate performance.
b.
It uncovers drawbacks of department performance
c. It reduces the need to track the actual cost activity
d. It formalizes a manager's planning efforts

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