What is the ideal number of methods on average to set budgets?
A) 2-3
B) 3-4
C) 4-5
D) 5-6

Question

Quizplus · Accepted Answer

The ideal number of methods on average to set budgets is usually 2-3. This allows for enough variety in budgeting methods without overcomplicating the process. More than 3 methods can lead to confusion and difficulty in accurately tracking and managing expenses. A variety of methods are used to set budgets and most firms use multiple methods (circa 2-3 methods on average).

What Is the Ideal Number of Methods on Average to Set