Which of the following statements fails to explain why all businesses should prepare budgets? Managers determine...

Which of the following statements fails to explain why all businesses should prepare budgets?

Managers determine the proper allocation of available resources to meet a company's goals through the use of budgets.

Budgets facilitate goal congruence by communicating a company's goals to others.

Budgets qualitatively express a company's strategic plans.

Calculations and reports comparing actual results to budgeted results enable the control of operations.

Expert Solution

ekkarill92 answered 1 year ago

Determine which of the following statements are true and which are false and why? (a) There...

Determine which of the following statements are true and which are false and why? (a) There always exist a Pareto efficient alternative. b) There always exist a Pareto dominated alternative. (c) The best alternative according to Rawlsian Justice is always Pareto efficient. (d) The best alternative according to Borda rule is always Pareto efficient.

explain the reason why some companies normally prepare the sales budget first among all functional budgets...

explain the reason why some companies normally prepare the sales budget first among all functional budgets while the other companies start with the Labour or other budget first in the budgetary planning process

For the following exercises, determine why the function f is discontinuous at a given point a on the graph. State which condition fails.

For the following exercises, determine why the function f is discontinuous at a given point a on the graph. State which condition fails. f(x) = 25 – x2/x2 – 10x + 25

Why do businesses have to prepare financial statements? What is the purpose of a trial balance...

Why do businesses have to prepare financial statements? What is the purpose of a trial balance and an income statement?

Why do organizations prepare specific strategic budgets? Question 11 options: They allow managers to create more...

Why do organizations prepare specific strategic budgets? Question 11 options: They allow managers to create more detailed plans They give managers detailed information on costs in a company They show how many resources are needed to implement a business strategy They help identify where the main focus should be placed in an organization

Write a persuasive essay on why CSR should be mandatory to all businesses.

Why is it necessary to prepare formal financial statements if all of the data are in...

Why is it necessary to prepare formal financial statements if all of the data are in the statement columns of the worksheet? Identify the account(s) debited and credited in each of the four closing entries, assuming the company has net income for the year. Distinguish between a reversing entry and an adjusting entry. Are reversing entries required? Indicate, in the sequence in which they are made, the three required steps in the accounting cycle that involve journalizing. Identify, in the...

Determine whether the following statements are correct (y) or not (n): and explain why.. ( )...

Determine whether the following statements are correct (y) or not (n): and explain why.. ( ) A system have a higher second law efficiency than the first law efficiency during a process ( ) It is impossible that the energy of one isolated system increases ( ) Adding moisture is the ONLY way to obtain saturated air from unsaturated air ( ) A Piston Cylinder device contains air. During a reversible, isothermal process the entropy of the air will never...

Determine whether each of the following statements is true or false, and explain why in a...

Determine whether each of the following statements is true or false, and explain why in a few sentences. 1. The mean, median, and mode of a normal distribution are all equal. 2. If the mean, median, and mode of a distribution are all equal, then the distribution must be a normal distribution. 3. If the means of two distributions are equal, then the variance must also be equal. 4. The sample mean is not the same as the population mean....

what happens to all our electric garbages? Why should businesses care? Why should you care as...

what happens to all our electric garbages? Why should businesses care? Why should you care as an individual? What impact e-garbages have on our planet? How do we fix this global problem?

Question