In regard to the amount of detail,a budget should:
A)show the detail for each product.
B)group products into pools of products.
C)strike a balance between detail and aggregated information.
D)not consider the cost of gathering the information.

Question

Quizplus · Accepted Answer

A budget should balance the level of detail with the need for aggregated information. If a budget is too detailed, it can become overwhelming to manage and may not provide the necessary insights to make decisions. On the other hand, if a budget is too high-level and aggregated, it may not provide enough information to identify areas for improvement or cost savings. Therefore, striking a balance between detail and aggregated information is essential in creating an effective budget.

In Regard to the Amount of Detail,a Budget Should