The first step in the budgeting process is
A)organizing.
B)setting financial goals.
C)decision making.
D)evaluating.

Question

Quizplus · Accepted Answer

The first step in the budgeting process is to set financial goals. Without goals, it becomes difficult to determine how much money should be allocated to different expenses and savings. Once goals are established, the budget can be organized, financial decisions can be made, and progress can be evaluated.

The First Step in the Budgeting Process Is