Which one of the following is not a benefit of budgeting?
A) It requires all levels of management to plan ahead on a recurring basis.
B) It provides definite objectives for evaluating performance.
C) It provides assurance that the company will achieve its objectives.
D) It facilitates the coordination of activities.

Explanation: Budgeting refers to the process under which an organisation tries to anticipate how much of their resources will be procured and used in the future for effectively complete their operations.

Budgeting is usually done by the accountants on the basis of past experiences and future expectations. Therefore, they can be seen as reliable but does not guarantee any kind of success as future is not certain.

deebikamadhivanan deebikamadhivanan · Answer 2 · 2022-01-24T18:33:51+01:00

Budgeting is the process through which a company or an organization seeks to predict how much of its resources will be acquired and used in the future in order to effectively execute its activities.

Option C is the correct response to not being a benefit of budgeting.

The reasons for Option C:

Accountants are typically in charge of budgeting, which is based on past experiences and future projections.

As a result, they can be regarded as trustworthy, but this does not imply that they will be successful in the future.

The benefits of budgeting:

Budgeting is all-pervasive with clear estimates and a blueprint of cost and expenditures with the proper channel of reporting. So the options, a, b, and d are the benefits of budgeting.

Therefore, for example, the objective of achieving success is not a sure shot here. So, Option C is not a benefit of budgeting and it is an aspect of planning.

For more information about budgeting, refer to the link below:

https://brainly.com/question/3490630