Which of the following is a benefit derived from budgeting?
A) Budgeting focuses management's attention on past performance.
B) Budgeting avoids needing industry and economic factors in decision making.
C) Budgeting provides a basis for evaluating performance.
D) Budgeting avoids the need for incentives to improve employee performance.
E) Budgeting eliminates the need for coordination across departments.
C) Budgeting provides a basis for evaluating performance.
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