Worldatwork Exam CECP Topic 1 Question 55 Discussion

Actual exam question for Worldatwork's CECP exam

Question #: 55
Topic #: 1

[All CECP 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: C

by Lai at Apr 11, 2024, 07:13 AM

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7 hours ago

I agree with Corrina. Budgeting helps us allocate resources efficiently to achieve our goals.

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2 days ago

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

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