Which of the following is a benefit derived from budgeting?
A) Budgeting avoids needing industry and economic factors in decision making.
B) Budgeting avoids the need for incentives to improve employee performance.
C) Budgeting provides a basis for evaluating performance.
D) Budgeting focuses management's attention on past performance.
E) Budgeting eliminates the need for coordination across departments.

Question

Quizplus · Accepted Answer

Budgeting provides a basis for evaluating performance as it sets targets and goals that can be used to compare actual results achieved.

Which of the Following Is a Benefit Derived from Budgeting