which of the following is a benefit derived from budgeting?\nmultiple choice\nbudgeting focuses managements…

which of the following is a benefit derived from budgeting?\nmultiple choice\nbudgeting focuses managements attention on past performance.\nbudgeting avoids needing industry and economic factors in decision making.\nbudgeting provides a basis for evaluating performance.\nbudgeting avoids the need for incentives to improve employee performance.\nbudgeting eliminates the need for coordination across departments.

which of the following is a benefit derived from budgeting?\nmultiple choice\nbudgeting focuses managements attention on past performance.\nbudgeting avoids needing industry and economic factors in decision making.\nbudgeting provides a basis for evaluating performance.\nbudgeting avoids the need for incentives to improve employee performance.\nbudgeting eliminates the need for coordination across departments.

Answer

Answer:

Budgeting provides a basis for evaluating performance.

Brief Explanations:

Budgeting sets financial - related goals and plans. Actual performance can be compared against budgeted amounts, serving as a basis for evaluation. Other options are incorrect as budgeting focuses on future plans mainly (not past performance), cannot avoid considering industry and economic factors, doesn't eliminate the need for incentives or coordination.