Which of the following is an example of the planning function of the budgeting process?
A) A budget demands integrated input from different business units and functions.
B) Employees are motivated to achieve the goals set by the budget.
C) Budget figures are used to evaluate the performance of managers.
D) The budget outlines a specific course of action for the coming period.

Question

Quizplus · Accepted Answer

The planning function of the budgeting process involves creating a specific plan of action for the upcoming period. Option D best illustrates this function, as the budget outlines a specific course of action for the organization. Option A is related to the coordination function, option B relates to the motivation function, and option C relates to the control function.

Which of the Following Is an Example of the Planning