The two-step process for budgeting is
A) estimate the aggregate cost for the activity and distribute the costs over the expected time span.
B) determine the costs and add on contingency amounts.
C) examine past projects that are similar and estimate the amount for the current project.
D) determine the amount of money available from the sponsor and distribute it across the project time required.

Question

Quizplus · Accepted Answer

The two-step process for budgeting involves first estimating the total cost for the project/activity and then distributing the costs over the expected time span. This allows for a more accurate budget that takes into account the entire scope of the project and the time required to complete it. The other choices may be part of the budgeting process, but they do not represent the two-step process described in the question.

The Two-Step Process for Budgeting Is