One of the weaknesses of budgets is that they are of little value in uncovering...
Homework Answers
Some of the weaknesses of budgets are as below:-
If the budgets are applied too rigidly, they can hamper the functioning of operations.
Preparations of Budgets are time consuming and needs lot of information of past and future.
Due to budgets, changes and innovative will be limited etc.
However budgeting process can uncover the potential bottlenecks before that occurs.
So the Statement is false.
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