Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is true about budgets? (1

Which of the following is true about budgets? (1) Budgets are financial plans...

90.2K

Verified Solution

Question

Accounting

Which of the following is true about budgets?

(1) Budgets are financial plans for the future

(2) Budgets identify objectives, and the actions needed to achieve them

(3) Budgets should be related and linked to the strategic company plan

  1. Only (1)

  2. (1), (2) and (3)

  3. Only (2) and (3)

  4. Only (2)

  5. Only (3)

  6. Only (1) and (2)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

4. For this problem, you’ll compare the hypergeometric and binomial distributions. Suppose there is a sock...

Finance
1.2K views

Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000...

Biology
1.2K views

Which of the following conditions of Hardy Weinberg equilibrium must be met for the following...

Algebra
1.2K views

What is the value of x y 00 75 N 12 16

Accounting
1.2K views

The company you work for typically records the current month's overdue debit for the same...

Accounting
1.2K views

Requirement 1. For a manufacturing company, identify the following as either a product cost or...

Accounting
1.2K views

You have recently been engaged as an accounts officer in a well-recognized organisation and the...

Accounting
1.2K views

Chill Out Novelties sells ice cream bars from a kiosk near campus. Fixed costs are...

Accounting
1.2K views

Need help knowing what number and percentages to use. ...

Accounting
1.2K views

Question 1 Nash Company, a manufacturer of small tools, provided the following information from its...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.) Peng Company is considering...

Finance
1.2K views

Imagine you are thinking about starting a tutoring business. You will be offering tutoring services...