One Statement About Budgeting That Is Generally True Is

Multiple Choice

One statement about budgeting that is generally true is

A) manufacturing companies spend more time on budgets than do service companies.
B) service company budgets tend to change only if there is a major increase or decrease in sales levels from year to year.
C) the budget process is an element of a company's activities and should be used throughout the year to evaluate performance.
D) the budget process is useful to assure shareholders that their interests will be looked after.