True or False (if false, identify errors)
a) The objectives of budgeting and the functions to which they relate are:
1) establish specific goals=>planning
2) executing plans to achieve goals => Directing
3) Periodically comparing actual results established goals => Controlling
b) True or false: (If false, identify errors)
A zero-based budget reflects potential changes in the volume or activity level.
The solution explains some multiple choice questions relating to budgeting