Which of the following types of budgets plot anticipated sales or revenues against expenses?

Planning improves focus and flexibility. Focus and flexibility are important to the performance of both people and organizations in highly competitive and dynamic
environments.
Planning improves action orientation. Planning keeps people and organizations
focused on the actions that are needed to stay competitive and to become better at what they are doing. Planning helps make people and organizations more oriented toward results, priorities, advantages, and change.
Planning improves coordination. Planning helps individuals, groups, and subsystems within organizations make meaningful contributions to the organization as a whole, even as they pursue their specific tasks and objectives.
Planning improves control. Planning facilitates control by defining objectives and desired performance results, and identifying specific actions through which they are to be pursued.
Planning improves time management. Each day, managers are bombarded by a multitude of tasks and demands. They work in a setting of frequent interruptions, crises, and unexpected events. Consequently, it can be easy to lose track of objectives and fall prey to "time wasters."

Recommended textbook solutions

Which of the following types of budget plot anticipated sales or revenues against expenses?

Which of the following refers to the process of setting goals and objectives and determining how do you accomplish them?

What if planning or scenario planning is also called contingency planning True False?

What clarifies the purpose of the organization and expresses what it hopes to be in the future?