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

3. A budget forces managers to spend time planning for the future.

Short answer

Yes

Step-by-step solution

Introduction

Managers are the individuals who manage each significant department's team in an organization.

Reason

A budget will always force the upper management and the middle-level management to make a decision plan and spend time on the budget to benefit the organization in the long run. The main reason behind budget planning is to ensure that the organization does not face any shortage of funds in the future.