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What is the primary purpose of budgeting in an organization?

Practice Questions

1 question
Q1
What is the primary purpose of budgeting in an organization?
  1. To increase sales revenue
  2. To control costs and allocate resources
  3. To improve employee morale
  4. To enhance customer satisfaction

Questions & Step-by-step Solutions

1 item
Q
Q: What is the primary purpose of budgeting in an organization?
Solution: Budgeting helps organizations plan their financial resources effectively, control costs, and allocate resources efficiently.
Steps: 0

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