Final answer:
False. Budgeting techniques can be useful to many other types of organizations beyond manufacturing companies. It allows businesses to set financial goals, track expenses, and make informed decisions.
Step-by-step explanation:
False. Budgeting techniques can be useful to many other types of organizations beyond manufacturing companies. Budgeting is an important financial management tool that helps organizations plan and allocate their resources effectively. It allows businesses to set financial goals, track expenses, and make informed decisions.
For example, non-profit organizations, government agencies, educational institutions, healthcare organizations, and even individuals can benefit from budgeting techniques to manage their finances and achieve their objectives.
In conclusion, budgeting techniques are not limited to manufacturing companies but can be applied to various types of organizations.