Budgeting – True or False

Practice Question

Intro to Managerial Accounting
Budgeting
Budgeting
True or False

Budgeting is not necessary for effective managerial decision-making.

Answer +
Correct Answer: FALSE
Explanation +

Budgeting is a critical process for planning and controlling operations, providing benchmarks against which actual performance can be measured. It significantly influences managerial decisions.