Asked by Perla Alvarado on Jul 11, 2024
Verified
A budget can be used as a basis for evaluating performance.
Performance Evaluation
The process of assessing the performance of employees, processes, or systems against set benchmarks or standards.
- Recognize the use of budgeting in performance evaluation.
Verified Answer
LR
Larissa RodriguezJul 16, 2024
Final Answer :
True
Explanation :
A budget sets specific financial goals and expectations for a period of time. By comparing actual results to the budget, managers can evaluate performance and make necessary adjustments to improve future outcomes.
Learning Objectives
- Recognize the use of budgeting in performance evaluation.
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