Budgets identify, gather, summarize, and communicate
A) financial data only.
B) financial and nonfinancial data.
C) nonfinancial data only.
D) none of these.

Question

Quizplus · Accepted Answer

Budgets not only include financial data but also incorporate nonfinancial data, such as production levels or customer satisfaction scores, to provide a comprehensive picture of an organization's performance. Gathering, summarizing, and communicating this data is essential for effective budgeting and decision-making.

Budgets Identify, Gather, Summarize, and Communicate