Multiple Choice
Which of the following statements does NOT describe a weakness associated with budgeting?
A) Some manager apply budgets too rigidly.
B) Developing budgets can be very time consuming.
C) Budgets link planning and controlling.
D) Budgets may limit innovation and change.
E) Budgets may make it impossible to procure funds to take advantage of an unexpected opportunity.
Correct Answer:

Verified
Correct Answer:
Verified
Q55: Which type of financial statement summarizes the
Q56: The nonmonetary budget that focuses on the
Q58: When classifying controls on the basis of
Q59: Decentralized control is based on organic structural
Q61: Google partnered with Nielsen Co.to poll users
Q62: What are the advantages and disadvantages of
Q63: As the number of things being controlled
Q64: Which of the following are important elements
Q65: Not-for-profit organizations such as universities do not
Q215: Bernard Madoff and his CFO were convicted