Budgets identify,gather,summarize,and communicate
A)financial data only.
B)financial and nonfinancial data.
C)nonfinancial data only.
D)None of these answer choice are correct.

Question

Quizplus · Accepted Answer

Budgets involve the identification, collection, summarization and communication of both financial and nonfinancial data, such as sales forecasts, production targets, staffing needs and marketing plans. This comprehensive approach allows organizations to make informed decisions and allocate resources effectively.

Budgets Identify,gather,summarize,and Communicate