Worldatwork Exam c8 Topic 5 Question 89 Discussion

Actual exam question for Worldatwork's c8 exam

Question #: 89
Topic #: 5

[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 Terrilyn at Feb 12, 2025, 10:12 PM

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5 days ago

I believe budgeting is also about complying with local legislation and maintaining accurate records for financial reporting.

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7 days ago

I think option B is the correct answer. Budgeting is all about making informed decisions based on expected performance and financial projections.

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14 days ago

I agree with Mindy. Budgeting helps us allocate resources effectively to achieve our goals.

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15 days ago

I think the primary purpose of budgeting is making choices about spending based on expectations of performance.

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