Question

For each of the following items 1 through 6, indicate yes if it describes a potential benefit of budgeting or no if it describes a potential negative outcome of budgeting.

1. Budgets help coordinate activities across departments.

Short answer

Yes

Step-by-step solution

Introduction

A budget is the type of funds management system implemented in every organization to use the resources effectively and in a controlled manner.

Reason

Budgets are continually known as the measure through which all of the organization's departments have a coordinated activity since limited money allocation is provided to each unit based upon its usage and procurement.