Select the Incorrect Statement About Budgeting Committees

question 103

Multiple Choice

Select the incorrect statement about budgeting committees.

• A) Membership on the budget committee is restricted most often to accountants because the budget involves numbers.
• B) Budget committees usually have responsibility for the coordination of budgeting activities.
• C) The budget committee is responsible for settling disputes between various departments over budget matters.
• D) One of the responsibilities of the budget committee is to monitor the organization's progress toward achieving its budget standards.

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Definitions:

Numeric Data

Data consisting of numbers, which can be used in mathematical calculations and statistical analysis.

Calculation Options

Settings that determine how and when formulas are recalculated in spreadsheet software.

Manual

A handbook or guide that provides instructions or information about how to use a device, software, or system.

=MONTH

A function in spreadsheet programs used to extract the month portion from a given date as an integer from 1 to 12.