Budgets are used to plan and to control operations.

Name: Budgets are used to plan and to control operations.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Budgets are prepared to plan and allocate resources to various functions of an organization. They are then used to monitor and control the actual performance against the budgeted figures. This helps in identifying variances and taking corrective actions to achieve the desired results. Therefore, budgets are used both for planning and controlling operations.

Budgets Are Used to Plan and to Control Operations