Which of the Following Is NOT a Responsibility of the Budget

question 112

Multiple Choice

Which of the following is NOT a responsibility of the budget committee?

• A)prepare actual financial statements
• B)provide policy guidelines
• C)provide budgeting goals
• D)resolve differences that may arise as the budget is prepared

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Definitions:

Overall Direction

The general course or strategic path an organization or individual plans to take to achieve its goals or objectives.

Cybernetic Control System

One that is self‐contained in its performance‐monitoring and correction capabilities.

Performance-Monitoring

The process of continuously analyzing performance metrics to assess the efficiency and effectiveness of various activities in an organization.

Correction Capabilities

The ability of a system or process to adjust and correct itself to maintain or resume proper functioning.