Final answer:
The true statement about a budgeting system is that it compels managers to plan ahead, as it provides a financial planning framework necessary for anticipating future trends and controlling expenditures.
Step-by-step explanation:
Regarding which of the following is true of a budgeting system, the correct answer is A) It compels managers to plan ahead. A well-structured budgeting process is essential for any organization as it provides a framework for planning and controlling financial resources. Budgeting forces managers to think about the future, to anticipate trends, and to consider the impact of current decisions on future financial outcomes. It helps in identifying wasteful expenditures and achieving financial goals.
Contrary to increasing agency costs or leading to operational inefficiency, effective budgeting usually seeks to reduce costs and enhance efficiency. And while measuring the exact benefits of a budgeting system can be challenging, it is not considered 'easy' due to the complexity and variability involved in financial planning and outcomes.