Which of the following is true of budgeting? a.Budgeting relies on the control cycle to design the planning cycle for future action. b.Budgeting eradicates the need for keeping a buffer against...

Which of the following is true of budgeting?

a.Budgeting relies on the control cycle to design the planning cycle for future action.

b.Budgeting eradicates the need for keeping a buffer against uncertainties in demand.

c.Budgeting focuses only on long-term objectives as covered by the planning cycle.

d.Budgeting forces management to plan for the future.

e.Budgeting creates a plan of action only in terms of production units.

Jun 08, 2022

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