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 Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter9: Cost Accounting For Service Businesses, The Balanced Scorecard, And Quality Costs

Section: Chapter Questions

Problem 11Q: Explain how a budgeted income statement for a service business may be used for both planning and...

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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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Explain how a budgeted income statement for a service business may be used for both planning and control purposes.
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