Which of the following is not a benefit derived from budgeting?
A) Budgeting focuses management's attention on the future.
B) Budgeting provides coordination of departments.
C) Budgeting provides a basis for evaluating performance.
D) Budgeting provides motivation for managers and employees.
E) Budgeting ensures the achievement of all goals.

Question

Quizplus · Accepted Answer

Budgeting helps organizations plan and control their financial resources, but it cannot ensure the achievement of all goals. Other organizational systems and factors, such as risk management, strategic planning, and leadership, also play critical roles in achieving goals.

Which of the Following Is Not a Benefit Derived from Budgeting