A company can expect to receive which of the following benefits when it starts its budgeting process? The budget provides managers with a benchmark against which to compare actual results for...

A company can expect to receive which of the following benefits when it starts its budgeting process?

• The budget provides managers with a benchmark against which to compare actual results for performance evaluation.


• The planning required to develop the budget helps managers foresee and avoid potential problems before they occur.


• The budget helps motivate employees to achieve sales growth and cost-reduction goals.


• All of the above