Which of the following statements regarding budgets is true?
A) They rarely use estimates.
B) They should not be used for performance evaluations.
C) They should focus on past performance.
D) They will likely require the input of more than one manager.

Question

Quizplus · Accepted Answer

Budgets typically require input from multiple managers to ensure accuracy and alignment with organizational goals. Option A is incorrect because budgets heavily rely on estimates. Option B is incorrect because budgets can be an important tool for evaluating performance. Option C is incorrect because budgets should focus on future goals and plans, not just past performance.

Which of the Following Statements Regarding Budgets Is True