Which of the following best defines budgeting in organizations?
A) It is the process of allocating money resources.
B) It is the process of formulating an agenda.
C) It is the process of allocating equipment resources.
D) It is the process of allocating human resources.

Question

Quizplus · Accepted Answer

Budgeting is the process of allocating money resources in order to achieve the organization's goals and objectives. It involves creating a financial plan that outlines projected expenses and revenue for a specific period of time. This helps organizations to monitor their financial performance and make necessary adjustments in order to stay within their budget constraints. Budgeting is a critical function for any organization as it helps to ensure financial stability and the efficient use of resources.

Which of the Following Best Defines Budgeting in Organizations