Final answer:
Budgets are not remedies for weak management talent, faulty organization, or a poor accounting system.
Step-by-step explanation:
The statement is FALSE.
Budgets are not remedies for weak management talent, faulty organization, or a poor accounting system.
A budget is a financial plan that outlines an organization's expected income and expenses over a specific period. While a budget can help identify areas of improvement and guide financial decision-making, it cannot fix underlying issues such as talent, organization, or systems.
For example, if a company has weak management talent, a budget may highlight the need for additional training or hiring skilled managers, but it cannot directly improve their abilities.