An effective budget requires:
A)management approval.
B)stakeholder consensus.
C)a successful advertising campaign.
D)accurate forecasts.

Question

Quizplus · Accepted Answer

An effective budget requires accurate forecasts, since the purpose of a budget is to plan for future expenses and revenues based on expected financial outcomes. Management approval and stakeholder consensus may be important for implementing and communicating the budget, but accurate forecasts are essential for creating a realistic and achievable plan. Advertising campaigns may also be important for promoting the budget or business, but are not related to the creation of an effective budget.

An Effective Budget Requires