Which one of the following is not a benefit of budgeting?
A) It facilitates the coordination of activities.
B) It provides definite objectives for evaluating performance.
C) It provides assurance that the company will achieve its objectives.
D) It requires all levels of management to plan ahead on a recurring basis.

Question

Quizplus · Accepted Answer

Budgeting provides a plan for achieving objectives, but it does not guarantee that those objectives will be achieved. It helps management to plan ahead, coordinate activities, and evaluate performance based on measurable targets.

Which One of the Following Is Not a Benefit of Budgeting