A budget a. is the responsibility of management accountants. b. is the primary method of communicating agreed-upon objectives throughout an organization. c. ignores past performance because it represents management's plans for a future time period. d. may promote efficiency but has no role in evaluating performance.

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Business

Katherine Lee

14 March, 06:34

A budget a. is the responsibility of management accountants. b. is the primary method of communicating agreed-upon objectives throughout an organization. c. ignores past performance because it represents management's plans for a future time period. d. may promote efficiency but has no role in evaluating performance.

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Kristopher Klein · Answer 1

Option B

A budget is the primary method of communicating agreed-upon objectives throughout an organization.

Explanation:

A budget is an estimation of income and liabilities across a defined future period and is normally collected and re-evaluated annually. A budget is a microeconomic idea that confers the trade-off presented when one good is substituted for another.

Corporate budgets are necessary for performing at peak productivity. Apart from allocating resources, a budget can also assist in fixing goals, covering outcomes and mapping for predicaments. At organizations and companies, a budget is a domestic tool used by administrators and is frequently not wanted for inscribing by external parties.