The body that has the responsibility to review the budget, provide policy guidelines and budgetary goals, resolve differences that may arise as the budget is prepared, approve the final budget, and monitor the actual performance of the organization as the year unfolds is called the:
A) budget director
B) budget committee
C) controller
D) president

Question

Quizplus · Accepted Answer

The budget committee is responsible for all of the tasks mentioned in the question, from reviewing and providing guidelines for the budget to monitoring actual performance. The other options may have some involvement in the budgeting process, but they do not have the overall responsibility that the budget committee does.

The Body That Has the Responsibility to Review the Budget