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CIMAPRO19-P01-1 Exam - Topic 3 Question 127 Discussion

Which THREE of the following are purposes of all budgets?
A) Co-ordination and B) Communication and E) Authorization
C) Profit maximisation
D) Diversification
F) Consolidation

CIMAPRO19-P01-1 Exam - Topic 3 Question 127 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 127
Topic #: 3
[All CIMAPRO19-P01-1 Questions]

Which THREE of the following are purposes of all budgets?

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Suggested Answer: A, B, E

by Terrilyn at Jun 02, 2026, 12:42 AM

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Edgar
10 hours ago
I feel like C is more of a goal, not a purpose.
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Judy
6 days ago
E is crucial for making sure spending is controlled.
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Roosevelt
11 days ago
Profit maximization seems important too, but not a main purpose.
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Sol
16 days ago
Communication helps everyone stay on the same page.
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Melodie
21 days ago
I agree, coordination is essential for teamwork.
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Willard
26 days ago
I think A, B, and E are key purposes.
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Desire
1 month ago
D) Diversification? I don't think that fits with budgeting goals.
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Coral
1 month ago
C) Profit maximization is definitely not a purpose for all budgets.
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Breana
1 month ago
Wait, profit maximization isn't a universal purpose? That's surprising!
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Stevie
2 months ago
Totally agree with Elliott! Those are the essentials.
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Elliott
2 months ago
A) Co-ordination, B) Communication, E) Authorization are key!
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Silvana
2 months ago
I feel like consolidation might be related, but I can't recall if it's a main purpose.
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Georgiana
2 months ago
Profit maximisation seems more like an outcome rather than a purpose of budgets, right?
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Fernanda
2 months ago
I remember practicing a question like this, and I think communication and authorization were also key purposes.
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Rosendo
2 months ago
I think co-ordination is definitely one of the purposes, but I'm not sure about the others.
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