Question

All of the following are steps in the budgetary control process except: Multiple Choice Develop the...

All of the following are steps in the budgetary control process except:

Multiple Choice

  • Develop the budget from planned objectives.

  • Compare actual results to budgeted amounts and analyze differences.

  • Take corrective and strategic actions.

  • Communicate differences to supervisors to facilitate promotion decisions.

  • Establish new objectives and a new budget.

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Answer #1

Solution:

All of the following are steps in the budgetary control process except "Establish new objectives and a new budget."

Hence last option is correct.

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