Author Question: Budget forecasting is: a. a control device for regulating spending in an organization. b. a guide ... (Read 19 times)

BrownTown3 · **on:** Aug 21, 2018

Budget forecasting is:
a. a control device for regulating spending in an organization.
b. a guide to help managers handle risk and uncertainties.
c. one of the major considerations for evaluating a manager.
d. not unlike forecasting that is done in food service.

Question 2

Which of the following is NOT true regarding an organization's budget?
a. A budget makes sure resources are being used to accomplish the overall purpose of the organization.
b. A good budget does much more than quantify the allocation of resources.
c. A budget is an organization's business plan expressed in financial terms.
d. The budget is designed to support the agendas of individual managers.