In Regard to Budgets, Which of the Following Statements Is

Multiple Choice

In regard to budgets, which of the following statements is NOT true?

A) Budgets include an itemized forecast of a company's expenses.
B) Budgets are a poor tool for financial control.
C) Budgets are an important tool for financial planning.
D) Budgets include an itemized forecast of a company's capital needs.
E) Budgets include an itemized forecast of a company's income.