Which of the following is an advantage of the budgeting process?
A)Budgeting provides resource information for decision making.
B)Budgeting provides a standard for performance evaluation.
C)Budgeting improves communication and coordination within the organization.
D)all of the above

Question

Quizplus · Accepted Answer

All of the options are advantages of the budgeting process. Budgeting provides resource information for decision making, as it helps organizations determine how much money they have available to allocate towards different initiatives. Budgeting also provides a standard for performance evaluation, as it allows organizations to compare actual results against budgeted expectations. Finally, budgeting improves communication and coordination within the organization by aligning everyone towards common goals and objectives.

Which of the Following Is an Advantage of the Budgeting