Which of the following is a use of budgets for control?
A) Plans can be made for the future.
B) If conditions change between the formation of the budget and the current time, budgets can be quickly adapted.
C) Budgets set a standard against which results can be compared.
D) Communication is improved.
E) All of these.

Question

Quizplus · Accepted Answer

Budgets set a standard against which results can be compared, allowing for control over actual performance. The other options listed are benefits of budgeting, but not specifically related to control.

Which of the Following Is a Use of Budgets for Control