Question

Which of the following organizations is not likely to use budgets? a. Nonprofit organizations. b. Manufacturing firms. c. Firms in service industries. d. Merchandising firms. e. None of the answers is correct, because all are likely to use budgets.

Answer 1

e. None of the answers is correct, because all are likely to use budgets.

Step-by-step explanation:

The budget is important for all types of the businesses whether it is a non profit organization, manufacturing firms, service industries firms, etc

As this is important to analyze the expenses and the revenue earned and incurred for the particular period so that the organization could take an appropriate action to control these expenses and try to make profit as much as they can

Therefore the correct option is e.