Whether the given statement is correct

Question

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Answer 1

Question

Chapter 14, Problem 1Q

To determine

Whether the given statement is correct

Expert Solution & Answer

Explanation of Solution

Given statement:

The budgets are beneficial only to the small scale companies as they can estimate the sales with accuracy.

Whether the given statement is correct:

The statement is incorrect as budgets are useful for both the small and large companies. Budgets are the tool of communication where the company communicates its objectives through budgets in a document by formalizing the plans framed by management.

Budgets and these kinds of benefits are applicable to all sizes of the companies which operate at various levels of complexity.

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Answer 2

Question

Chapter 14, Problem 1Q

To determine

Whether the given statement is correct

Expert Solution & Answer

Explanation of Solution

Given statement:

The budgets are beneficial only to the small scale companies as they can estimate the sales with accuracy.

Whether the given statement is correct:

The statement is incorrect as budgets are useful for both the small and large companies. Budgets are the tool of communication where the company communicates its objectives through budgets in a document by formalizing the plans framed by management.

Budgets and these kinds of benefits are applicable to all sizes of the companies which operate at various levels of complexity.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 14, Problem 1Q

To determine

Whether the given statement is correct

Expert Solution & Answer

Explanation of Solution

Given statement:

The budgets are beneficial only to the small scale companies as they can estimate the sales with accuracy.

Whether the given statement is correct:

The statement is incorrect as budgets are useful for both the small and large companies. Budgets are the tool of communication where the company communicates its objectives through budgets in a document by formalizing the plans framed by management.

Budgets and these kinds of benefits are applicable to all sizes of the companies which operate at various levels of complexity.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 14, Problem 1Q

To determine

Whether the given statement is correct

Expert Solution & Answer

Explanation of Solution

Given statement:

The budgets are beneficial only to the small scale companies as they can estimate the sales with accuracy.

Whether the given statement is correct:

The statement is incorrect as budgets are useful for both the small and large companies. Budgets are the tool of communication where the company communicates its objectives through budgets in a document by formalizing the plans framed by management.

Budgets and these kinds of benefits are applicable to all sizes of the companies which operate at various levels of complexity.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 14, Problem 1Q

To determine

Whether the given statement is correct

Expert Solution & Answer

Explanation of Solution

Given statement:

The budgets are beneficial only to the small scale companies as they can estimate the sales with accuracy.

Whether the given statement is correct:

The statement is incorrect as budgets are useful for both the small and large companies. Budgets are the tool of communication where the company communicates its objectives through budgets in a document by formalizing the plans framed by management.

Budgets and these kinds of benefits are applicable to all sizes of the companies which operate at various levels of complexity.

Answer 6

Chapter 14, Problem 1Q

To determine

Whether the given statement is correct

Expert Solution & Answer

Explanation of Solution

Given statement:

The budgets are beneficial only to the small scale companies as they can estimate the sales with accuracy.

Whether the given statement is correct:

The statement is incorrect as budgets are useful for both the small and large companies. Budgets are the tool of communication where the company communicates its objectives through budgets in a document by formalizing the plans framed by management.

Budgets and these kinds of benefits are applicable to all sizes of the companies which operate at various levels of complexity.

Answer 7

Chapter 14, Problem 1Q

To determine

Whether the given statement is correct

Answer 8

Expert Solution & Answer

Explanation of Solution

Given statement:

The budgets are beneficial only to the small scale companies as they can estimate the sales with accuracy.

Whether the given statement is correct:

The statement is incorrect as budgets are useful for both the small and large companies. Budgets are the tool of communication where the company communicates its objectives through budgets in a document by formalizing the plans framed by management.

Budgets and these kinds of benefits are applicable to all sizes of the companies which operate at various levels of complexity.