Worldatwork Exam c8 Topic 1 Question 91 Discussion

Actual exam question for Worldatwork's c8 exam

Question #: 91
Topic #: 1

[All c8 Questions]

What best describes the primary purpose of budgeting?

ALimiting spending to a fixed percentage of organizational revenue

BMaking choices about spending based on expectations of performance

CIncreasing profitability of the business annually to maximize shareholder/owner value

DComplying with local legislation and maintaining accurate records to prepare financial reports and tax documents

Show Suggested Answer

Suggested Answer: B

by Van at Mar 20, 2025, 10:01 AM

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Gerald

4 days ago

Haha, B all the way. Budgeting is like a game of Tetris - you gotta fit all the spending blocks in just right to make the most of your resources.

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Talia

8 days ago

I'm going with C. Increasing profitability every year is the name of the game, am I right? Shareholders want to see that bottom line going up!

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Delbert

9 days ago

D is the clear winner here. Gotta make sure we're complying with all the legal requirements and keeping the books in order. The rest are just nice-to-haves.

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Lauran

12 days ago

B seems like the best option to me. Budgeting should be all about making informed decisions to maximize performance, not just limiting spending blindly.

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Hannah

2 days ago

I think it's important to consider profitability when budgeting.

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Teri

5 days ago

I agree, making choices based on performance expectations is key.

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