Question

budgeting is used by management to ensure that activities of all departments work toward the company's overall goals. this aspect of budgeting is called:

Answer 1

Budgeting is used by management to ensure that activities of all departments, this aspect of budgeting is called coordination .

What's coordination  in budgeting?

Coordination involves carrying and organizing the demanded labor force, outfit, and accoutrements to carry out the business. A budget aids in coordination between separate exertion units to insure that all corridor of the company are in balance with each other and know how they fit in.

What's budgeting according to management ?

Budgeting is the process of designing, enforcing and operating budgets. It's the directorial process of budget planning and medication, popular control and the affiliated procedures. Budgeting is the loftiest position of account in terms of future which indicates a definite course of action and not simply reporting.

What's the budgeting process of a company?

The budgeting process lets an association plan and prepare its budgets for a set period. It involves reviewing once budgets, relating and vaticinating profit for the coming period, and assigning quantities to spend on a company's colorful costs.

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