Asked by Danielle McBratney on Jun 27, 2024
Verified
The overall coordinating activity of the budget process is the responsibility of the:
A) Chief Accounting Officer.
B) Chief Executive Officer (CEO) .
C) Chief Financial Officer (CFO) .
D) Budget Committee.
E) Board of Directors.
Budget Process
A planning process that involves the creation of a financial plan or budget to project future revenues and expenses, guiding an organization's financial decisions.
- Acquire knowledge of the particular functions and responsibilities during the budgeting process.
Verified Answer
LC
Lauren CantrellJun 28, 2024
Final Answer :
D
Explanation :
The Budget Committee is typically responsible for the overall coordination of the budget process, ensuring that budgeting aligns with organizational goals and involves various departments for comprehensive planning.
Learning Objectives
- Acquire knowledge of the particular functions and responsibilities during the budgeting process.