ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The purpose of a budget is to provide a quantifiable target, that can be communicated to interested parties and measured ____
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The budget process communicates your organization’s culture and values. For instance, if a company simply allocates the current year’s budget for each department in the same proportion of overall revenues as it did in the previous year, then the organization is communicating that the status quo is acceptable.
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