Answer to Question #324300 in Economics for Bea

Question

Which one of the following is a purpose of financial budgets?

Select one:

a.

They verify the viability of the strategic plans (operating budgets).

b.

They reveal the financial actions that the business must take to make the execution of its strategic budgets possible.

c.

They indicate how the operating plans of the financial function will affect past financial actions.

d.

They indicate how the operating plans of the business will affect future financial actions.

Answer 1

a.

They verify the viability of the strategic plans (operating budgets).