Which of the following is an objective of budgeting? - 4284

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Which of the following is an objective of budgeting? 

A.   Budgeting provides benchmarks against which performance can be measured.

B.   Budgeting provides a fixed fiscal plan that should not be changed during the year.

C.   Budgeting helps managers build favorable variances into the performance-evaluation process.

D.   Budgeting is done exclusively by the chief fiscal officer for control purposes.

Solution Description

Which of the following is an objective of budgeting?