The process of planning future business actions and expressing them as a formal plan is called:
A) Variance analysis.
B) Budgeting.
C) Cost accounting.
D) Managerial accounting.
E) Standard cost analysis.

Question

Quizplus · Accepted Answer

Budgeting involves planning future business actions and expressing them as a formal plan. Variance analysis, cost accounting, managerial accounting, and standard cost analysis are all related to analyzing past or current business performance.

The Process of Planning Future Business Actions and Expressing Them