Key steps in budgeting do NOT involve which of the following?
A) estimating cost and availability of personnel needed to achieve each required activity
B) estimating cost and availability of purchases to achieve each required activity
C) estimating the extent of necessary resources essential to achieving objectives
D) allowing for open bidding

Question

Quizplus · Accepted Answer

Open bidding is not a key step in budgeting. Budgeting primarily involves planning and allocating resources (like personnel and purchases) to achieve objectives, rather than the procurement process itself, which open bidding refers to.

Key Steps in Budgeting Do NOT Involve Which of the Following