Asked by Massiel Toribio Peralta on May 18, 2024
Verified
A benefit from budgeting is that it forces managers to think about and plan for the future.
Budgeting
The process of creating a plan to spend your money, outlining projected income versus expenses over a particular period.
- Understand the basic concepts and significance of budgeting in management.
Verified Answer
TC
Tiffany CafarellaMay 24, 2024
Final Answer :
True
Explanation :
Budgeting requires managers to allocate resources and plan for future expenses and revenues, which encourages forward thinking and strategic planning.
Learning Objectives
- Understand the basic concepts and significance of budgeting in management.
Related questions
Control Involves Developing Goals and Preparing Various Budgets to Achieve ...
One of the Weaknesses of Budgets Is That They Are ...
Flexible Budgeting Requires Managers to Estimate Sales, Production, and Other ...
A _________________ Is a Formal Written Statement of Management's Plans ...
A Budget Is a Primary Means of ________________ Agreed Upon ...