The budget process involves doing all of the following except
A) establishing specific goals
B) executing plans to achieve the goals
C) periodically comparing actual results with the goals
D) dismissing all managers who fail to achieve operational goals specified in the budget

Question

Quizplus · Accepted Answer

The budget process involves establishing specific goals, executing plans to achieve the goals, and periodically comparing actual results with the goals. However, dismissing all managers who fail to achieve operational goals specified in the budget is not a part of the budget process. It may be a consequence or outcome of not meeting budget goals, but it is not a step in the budget process itself.

The Budget Process Involves Doing All of the Following Except