The motive for creating a budget should guide a manager in choosing the _________ for the budget.
A)cost
B)degree of participation
C)period
D)urgency

Question

Quizplus · Accepted Answer

The period or time frame for the budget should be chosen based on the motive for creating the budget. For example, if the motive is to plan for long-term projects, then a multi-year budget may be appropriate. If the motive is to monitor short-term expenses, then a monthly or quarterly budget may be more suitable. Cost, degree of participation, and urgency are important factors, but should be determined in conjunction with the chosen time frame for the budget.

The Motive for Creating a Budget Should Guide a Manager