When a budget is formulated, it is being used as a(n)________ tool.
A)organizing
B)controlling
C)planning
D)leadership

Question

Quizplus · Accepted Answer

A budget is formulated to plan how a company will allocate its resources and achieve its goals. Budgets are used as planning tools to guide decision-making and ensure that a company is on track to meet its targets. While budgets can also be used for organizing and controlling, the primary purpose is to plan. Leadership is not a relevant choice for this question.

When a Budget Is Formulated, It Is Being Used as A(n)________