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Which THREE of the following are purposes of all budgets?
Suggested Answer: A, B, E
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17 comments · newest first
VE
Velda
1 month ago
Exactly, A, B, and E cover the basics well.
TR
Tracey
1 month ago
D and F don’t really fit the main reasons for budgets.
ED
Edgar
2 months ago
I feel like C is more of a goal, not a purpose.
JU
Judy
2 months ago
E is crucial for making sure spending is controlled.
RO
Roosevelt
2 months ago
Profit maximization seems important too, but not a main purpose.
SO
Sol
2 months ago
Communication helps everyone stay on the same page.
ME
Melodie
2 months ago
I agree, coordination is essential for teamwork.
WI
Willard
2 months ago
I think A, B, and E are key purposes.
DE
Desire
3 months ago
D) Diversification? I don't think that fits with budgeting goals.
CO
Coral
3 months ago
C) Profit maximization is definitely not a purpose for all budgets.
BR
Breana
3 months ago
Wait, profit maximization isn't a universal purpose? That's surprising!
ST
Stevie
3 months ago
Totally agree with Elliott! Those are the essentials.
EL
Elliott
3 months ago
A) Co-ordination, B) Communication, E) Authorization are key!
SI
Silvana
3 months ago
I feel like consolidation might be related, but I can't recall if it's a main purpose.
GE
Georgiana
4 months ago
Profit maximisation seems more like an outcome rather than a purpose of budgets, right?
FE
Fernanda
4 months ago
I remember practicing a question like this, and I think communication and authorization were also key purposes.
RO
Rosendo
4 months ago
I think co-ordination is definitely one of the purposes, but I'm not sure about the others.