A budget should/can do all of the following EXCEPT:
A)be prepared by managers from different functional areas working independently of each other
B)be adjusted if new opportunities become available during the year
C)help management allocate limited resources
D)become the performance standard against which firms can compare the actual results

Question

Quizplus · Accepted Answer

A budget should NOT be prepared by managers from different functional areas working independently of each other. A coordinated effort is necessary for an effective budget.

A Budget Should/can Do All of the Following EXCEPT