Which of the following is not true of a properly executed budgetary cycle?
A) deviations from plan are only investigated at the conclusion of the fiscal year as actual data can be finally compiled
B) past performance and market feedback are considered in setting budget amounts
C) specific financial and nonfinancial expectations are set
D) during the fiscal year, managers investigate deviations from plans

Question

Quizplus · Accepted Answer

Deviations from plan should be investigated and addressed throughout the fiscal year, not just at the conclusion when actual data becomes available.

Which of the Following Is Not True of a Properly