7. Which of the following is not a reason organizations use budgets? Select one: a. To communicate financial goals of the organization. b. To comply with the generally accepted accounting principles. c. To allocate resources. d. To coordinate activities of different departments.

7. Which of the following is not a reason organizations use budgets? Select one: a. To communicate financial goals of the organization. b. To comply with the generally accepted accounting principles. c. To allocate resources. d. To coordinate activities of different departments.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 1TP: Why is a clear understanding of managements goals and objectives necessary for effective budgets?

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Question

Which of the following is not a reason organizations use budgets?

Select one:

a. To communicate financial goals of the organization.

b. To comply with the generally accepted accounting principles.

c. To allocate resources.

d. To coordinate activities of different departments.

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