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25 July, 19:55

Which of the following is NOT an advantage of budgeting?

a. It provides organizational independence.

b. It aids in the use of resources and employees by setting a benchmark that can be used for the subsequent evaluation of performance.

c. It provides resource information that can be used to improve decision making.

d. It forces managers to plan'

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  1. 25 July, 21:35
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    a. It provides organizational independence.

    Explanation:

    Budget is a statement of income and expenditure of a certain period. Budgets are useful for forecasting the operating activities and financial position of a business enterprise and it ensures good business practice because they plan for future.

    Organizational independence is a state in which an organization is not vulnerable for personnel turnover. Independent Organizations are normally mon profits or non government organizations and they are defined to be a collection of people who to pursue a charitable goal be it local, national or global level. Budgeting is applicable on dependent organizations instead of independent Organizations.
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