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CIMA Strategic P3 Question # 3 Topic 1 Discussion

P3 Exam Topic 1 Question 3 Discussion:
Question #: 3
Topic #: 1

Achieving the budget is often used as a good performance measure. However, there are problems with budgets which may mean they are not always good measures of performance.

Which TWO of the following statements about budgets suggest that they should not always be used to measure performance?
A.

Budgets may deliberately be set too low by managers so they are easily achieved and make the manager look good.

B.

Budgets are a commitment. They therefore act as a constraint on doing anything different.

C.

Budgets can be used to motivate staff if they are set correctly.

D.

Budgets can give people goals to achieve and if everyone strives to achieve these goals the whole organisation will benefit.

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Actual exam question for CIMA P3 exam by Sage92672 at May 30, 2025, 5:50:01 AM

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