The budgeting process usually begins with ____.

Question

Quizplus · Accepted Answer

The budgeting process typically begins with a review of the previous budget period to analyze what worked well and where improvements can be made. This serves as a starting point for developing a new budget. Therefore, option D is the correct choice. Option A is not a logical starting point as a new budget cannot be developed without analyzing previous budgeting activities. Option B is not specific enough to indicate the starting point of the budgeting process. Option C may be necessary but is not typically the first step in the budgeting process.

The Budgeting Process Usually Begins with ____