Question

Budgets ______. Multiple choice question. Focus on what has happened in the past communicate management's plan throughout the organization primarily help managers with day-to-day emergencies

Answer 1

Budgets assist to communicate management's plan throughout the organization.

What is budget?

A budget is a spending plan based on income and expenses. It is an estimate of how much money you'll make and spend over a certain period of time.

The purpose of the budget is to establish financial objectives with the monitoring and measurement of results, enabling better decision-making.  Budget is done for allocation of expenditures for various purposes over the next year.

Hence, budgets communicate management's plan throughout the organization.

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