When is the annual budget for an organization developed?
A) during strategic planning
B) during tactical planning
C) during operational planning
D) during contingency planning
E) during SWOT analysis

Question

Quizplus · Accepted Answer

The annual budget for an organization is typically developed during tactical planning, which involves the detailed planning and allocation of resources for the upcoming year. While strategic planning and SWOT analysis help to inform the overall direction and goals of the organization, the specific budgeting decisions are typically made during the tactical planning phase. Operational planning involves the day-to-day management of the organization and is focused on executing the plan that was developed during tactical planning. Contingency planning is a separate process that involves preparing for unexpected events or crises.

When Is the Annual Budget for an Organization Developed