What is the correct sequence in the budgeting process?
A)Identifying the alternatives;Evaluating the alternatives
Defining the objectives;Monitoring actual performance
Taking corrective action;Creating a long-term plan
Implementing the long-term plan: budgeting
B)Identifying the alternatives;Evaluating the alternatives
Taking corrective action;Creating a long-term plan
Defining the objectives;Monitoring actual performance
Implementing the long-term plan: budgeting
C)Defining the objectives;Creating a long-term plan
Implementing the long-term plan: budgeting
Monitoring actual performance;Identifying the alternatives
Evaluating the alternatives;Taking corrective action
D)Defining the objectives;Identifying the alternatives
Evaluating the alternatives;Creating a long-term plan
Implementing the long-term plan: budgeting
Monitoring actual performance;Taking corrective action

Question

Quizplus · Accepted Answer

The correct sequence in the budgeting process is to first define the objectives, then identify the alternatives, evaluate the alternatives, create a long-term plan, implement the plan through budgeting, monitor actual performance, and finally, take corrective action as necessary. Choice D has the correct sequence in order.

What Is the Correct Sequence in the Budgeting Process