The budget process involves doing all the following except:
A) establishing specific goals
B) executing plans to achieve the goals
C) periodically comparing actual results with the goals
D) dismissing all managers who fail to achieve operational goals specified in the budget

Question

Quizplus · Accepted Answer

The budget process involves establishing specific goals, executing plans to achieve the goals, and periodically comparing actual results with the goals. However, dismissing managers who fail to achieve operational goals specified in the budget is not a typical part of the budget process. The budget is a tool for planning and measuring performance, not for punitive action.

The Budget Process Involves Doing All the Following Except