Preparing a budget allows managers to
A)plan for the future.
B)reduce the need for knee-jerk responses to unexpected situations.
C)assess whether a division's strategic direction is in line with corporate strategy.
D)All of these answer choices are correct.

Question

Quizplus · Accepted Answer

A budget helps managers plan for the future by setting goals and allocating resources. It also helps reduce the need for knee-jerk responses to unexpected situations by having a plan in place. Additionally, by analyzing actual results against the budget, managers can assess whether a division's strategic direction is in line with corporate strategy. Therefore, all answer choices are correct.

Preparing a Budget Allows Managers to