What is the best description of the role of the budget committee?

Question

Quizplus · Accepted Answer

The budget committee is responsible for supervising and taking responsibility for the budget setting process. They oversee the creation of the budget, ensure that it aligns with the overall goals of the organization, and monitor spending throughout the budget cycle.

Option B is not the best as predicting the budget is not the primary role of the budget committee. It is the responsibility of the finance department to provide accurate financial data and generate budget projections.

Option C is not entirely accurate. While the budget committee may work with individual departments to identify their budget needs, they do not set goals for them.

Option D is also not entirely accurate. While the budget committee may consider the economic environment and financial forecasts when developing the budget, their primary focus is the organization's financial goals and objectives.

What Is the Best Description of the Role of the Budget