The budget process is a loop that consists of ________.
A) planning, directing, and controlling
B) developing strategies, planning, directing, and controlling
C) developing strategies, planning, and directing
D) developing strategies, directing, and controlling

Question

Quizplus · Accepted Answer

The budget process involves developing strategies for achieving financial goals, followed by planning the use of resources to achieve those goals, directing those resources towards achieving the goals, and finally controlling the use of resources to ensure that the goals are met. Therefore, the correct answer is B - developing strategies, planning, directing, and controlling.

The Budget Process Is a Loop That Consists of ________