The preparation of a budget is what kind of control?

Question

Quizplus · Accepted Answer

The preparation of a budget is considered a preliminary control as it helps to plan and allocate resources in advance to ensure that the organization meets its financial goals and objectives. A preliminary control is a proactive measure to avoid problems before they occur. Concurrent control occurs while the activity is ongoing, transformation control involves using technology to change the process, and rework control involves correcting errors after they occur.

The Preparation of a Budget Is What Kind of Control