A budget is a statement of a corporation's programs in dollar terms.Which is not true of the budgetary function?
A) It is used in planning and control.
B) It serves as a detailed plan of strategy in action.
C) Only one budget is necessary to capture all programs.
D) It details the impact on the firm's future financial situation.
E) It is used as a means of measuring success based on certain criteria.

Question

Quizplus · Accepted Answer

It is not true that only one budget is necessary to capture all programs. In fact, multiple budgets may be needed to capture all the various programs and departments within a corporation.

A Budget Is a Statement of a Corporation's Programs in Dollar