Which one of the following lists the entities which use budgets?
A)merchandisers and service companies
B)manufacturing, merchandisers, and service companies
C)service, retail, and wholesale companies
D)manufacturers only

Question

Quizplus · Accepted Answer

Manufacturing, merchandising, and service companies all use budgets as a tool for planning and controlling their financial activities. Retail and wholesale companies are types of merchandisers, and service companies are a broad category that includes businesses such as healthcare providers, financial institutions, and consulting firms. Therefore, option B is the best choice as it includes all three types of entities that commonly use budgets. Option A is incorrect because it only includes two types of companies, and option C is too broad in its categorization of companies. Option D is incorrect because it only includes manufacturers and does not account for other types of businesses.

Which One of the Following Lists the Entities Which Use