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 2 years ago

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