Budgeting involves allocating financial resources and measuring expected quantitative and qualitative outcomes of a firm.

Question

Quizplus · Accepted Answer

Budgeting involves the process of allocating financial resources to different areas of a firm to achieve specific goals and objectives. It also involves measuring expected outcomes in terms of both quantitative and qualitative factors to ensure that the resources are being used effectively and efficiently. Therefore, the statement is true.

Budgeting Involves Allocating Financial Resources and Measuring Expected Quantitative and Qualitative