Which of the following is not a result of following a well-designed budgeting process? Multiple Choice...
Which of the following is not a result of following a well-designed budgeting process?
Multiple Choice
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Improved decision-making processes.
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Improved performance evaluations.
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Improved coordination of business activities.
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Assurance of future profits.
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Improved communication of management's action plans.
Homework Answers
| Assurance of future profits is not a result of following a well-designed budgeting process. |
| A budgeting process involves planning the activities to achive desired goals and objectives. |
| A well-designed budgeting process establishes coordination among all levels of employees and helps in properly communicating the course of action to all levels. |
| A well-designed budgeting process estoblished better control and helps in performance evaluations by comparing with standards established. |
| A well-designed budgeting process helps to predict future results however assurance of future profits cannot be established by well-designed budgeting process. |
| Option D is correct |
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