BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The final step in the financial decision-making process is to
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prepare a budget.
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make needed adjustments to the budget.
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examine the budget for discrepancies.
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check to see if income and expenses are meeting budgeted amounts.
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Explanation:
Detailed explanation-1: -The last step in creating a budget is to compare your net income to your monthly expenses. If you notice that your expenses are higher than your income, you’ll need to make some adjustments.
Detailed explanation-2: -Common processes include communication within executive management, establishing objectives and targets, developing a detailed budget, compilation and revision of budget model, budget committee review, and approval.
There is 1 question to complete.