Budgets must link ________ to objectives, so budgeting is a tactical implementation of the ________.Strategies, business planOperations, business planBusiness plan, operation planStrategies, operation plan

The first major objective of budgets or budgeting.Select one:a.Business Coordinationb.Allocation of Resourcesc.Performance Evaluationd.Planning Ahead

The budget is the _______________ of how a business is going to operate to reach a stated objective.Select one:a.definitionb.time periodc.frameworkd.strategic plan

A budget is an example of a:Question 4Select one:a.single-use plan.b.contingency plan.c.standing plan.d.strategic plan.

Which of the following statements about budgets is NOT true? A. Budgets help coordinate activity throughout the entity. B. Budgets help individuals throughout the entity to see how their efforts contribute toward the entity's strategic objectives. C. Budgets operationalise the strategic plan. D. Budgets usually span the entire strategic planning period

YouWhich one is true ? A budget is A determines and evaluates the cost of specific products or activities in a businessB is used to determine if a product should be continued or discontinuedC compiles actual costs for a given periodD quantifies management's plans