Which of the following can a budget not do?
A)Help management allocate limited resources
B)Become the performance standard against which firms can compare the actual results
C)Be adjusted if new opportunities become available during the year
D)Be prepared by managers from different functional areas working independently of each other

Question

Quizplus · Accepted Answer

A budget cannot be prepared by managers from different functional areas working independently of each other. In order for a budget to be effective, there needs to be collaboration and communication between different departments and managers.

Which of the Following Can a Budget Not Do