In Which Order Do the Following Steps in the Budget

question 38

Multiple Choice

In which order do the following steps in the budget setting process actually occur?
i) Co-ordinate the budget.
Ii) Identify the limiting factor.
Iii) Monitor performance relative to budget.

• A)ii, iii, i.
• B)ii, i, iii.
• C)i, ii, iii.
• D)iii, i, ii.

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Definitions:

High School Education

A secondary level of formal schooling that follows primary education, typically including grades 9 or 10 through 12, and culminating in a diploma.

Proportion

A statistical measure that reflects the fraction or percentage of the total number of cases that fall within a particular category.

Statistic

A characteristic or measure obtained from a sample of data to estimate a population parameter.

Sampling Distribution

The likelihood distribution of a statistic, achieved by drawing numerous samples from a certain population.