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Worldatwork Exam c8 Topic 2 Question 79 Discussion

Actual exam question for Worldatwork's c8 exam
Question #: 79
Topic #: 2
[All c8 Questions]

What best describes the primary purpose of budgeting?

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Suggested Answer: B

by Nelida at Sep 16, 2024, 12:08 PM

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India
1 months ago
B is the clear winner here. Budgeting is all about making smart financial choices, not just ticking boxes for compliance.
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Reuben
6 days ago
I agree, budgeting is all about making informed decisions.
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Audra
1 months ago
I believe budgeting is also about complying with local legislation and maintaining accurate records for financial reports and taxes.
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Alana
1 months ago
I agree with Stefania. Budgeting helps us allocate resources efficiently and achieve our financial goals.
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Stefania
1 months ago
I think the primary purpose of budgeting is making choices about spending based on expectations of performance.
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Tegan
2 months ago
Haha, option C is like the business version of 'get rich quick' schemes. Budgeting is more about planning, not just increasing profits.
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Arlen
2 months ago
D is a bit too specific and focused on compliance, while C seems more about maximizing profits than the actual purpose of budgeting.
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Muriel
1 months ago
C) Increasing profitability of the business annually to maximize shareholder/owner value
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Jutta
1 months ago
B) Making choices about spending based on expectations of performance
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Walton
1 months ago
A) Limiting spending to a fixed percentage of organizational revenue
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Brock
2 months ago
I agree, B is the best answer. Budgeting is all about aligning your expenses with your goals and expectations for the business.
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Jackie
2 months ago
Option B seems like the most logical choice here. Budgeting should be about making informed decisions based on expected performance, not just limiting spending.
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Paris
17 days ago
I see your point, but complying with legislation is also crucial for budgeting.
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Lucina
18 days ago
True, but option B focuses more on making informed decisions.
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Reid
19 days ago
But option C also makes sense, increasing profitability is important for the business.
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Catina
1 months ago
I agree, option B is about making choices based on performance.
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