COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the correct sequence in planning?
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Set goals, prepare budget, develop strategy.
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Prepare budget, set goals, develop strategy.
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Set goals, develop strategy, prepare budget
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Develop strategy, set goals, prepare budget.
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All three activities (goals, budget) happen simultaneously.
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Explanation:
Detailed explanation-1: -Setting objectives, Developing premises, Identifying alternative courses of action, Evaluating alternative courses are the steps followed in the planning process.
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