On the basis of the budget reports
A) management analyzes differences between actual and planned results.
B) management may take corrective action.
C) management may modify the future plans.
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

All of the given choices are correct. Budget reports are used by management to analyze the difference between actual and planned results, take corrective action, and modify future plans to ensure that the company is on track to achieve its objectives.

On the Basis of the Budget Reports