Which of the following is true of budgets? a. budgets ensure that the financial goals set by management are achieved. b. budgets delegate the decision making power to the employees. c. budgets are financial plans for the future. d. budgets eradicate the need to compare a company's actual results with budgeted results. e. budgets rule out the need to communicate and coordinate the plans of the organization to each employee.

Which of the following statements is correct? a) one drawback of forming a corporation is that it generally subjects the firm to additional regulationsb) one drawback of forming a corporation is that it subjects the firms investors to increased personal liabilitiesc) one drawback of forming a corporation is that it makes it more difficult for the firm to raise capitald) one advantage of forming a corporation is that it subjects the firm's investors to fewer taxese) one disadvantage of forming a corporation is that it is more difficult for the firm's investors to transfer their ownership interests