The budget process generally begins when the top management invites each division to submit a__________ for the upcoming year.
A)budget request
B)predictive budget
C)budget estimate
D)predictive request

Question

Quizplus · Accepted Answer

The budget process typically begins with the top management asking each division or department to submit their budget request for the upcoming year. This request includes the estimated expenses and revenues for the division, and serves as the starting point for developing the overall budget for the company. Choice B, "predictive budget," is not a commonly used term in budgeting and is not a likely option. Choice C, "budget estimate," is similar to a budget request but not as specific since it only provides an estimate rather than a formalized request. Choice D, "predictive request," is not a commonly used term in budgeting and does not accurately reflect the nature of the budgeting process.

The Budget Process Generally Begins When the Top Management Invites