Consider the Following Statements About Budget Administration

question 64

Multiple Choice

Consider the following statements about budget administration.i.Regardless of size,the budgeting process in all organisations must be a formal process
Ii) The budget manual is prepared to communicate budget procedures and deadlines to employees throughout the organisation.
Iii) Good internal control procedures require that the manager responsible for managing the budget process be an individual other than the chief accountant.Which statement/s is/are true?

• A) i
• B) ii
• C) iii
• D) i and iii

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Definitions:

Wetlands

Ecosystems characterized by the presence of standing water, which support a diverse range of plant and animal life and provide critical ecological services.

Southern Ontario

A region of the Canadian province of Ontario, located in the southernmost part of the country, known for its dense population and significant industrial activity.

Wetlands

Areas where water covers the soil, either year-round or for varying periods of time throughout the year, including marshes, swamps, and bogs, important for biodiversity and flood control.

Greenhouse Gas Emissions

The release of gases like carbon dioxide and methane into the atmosphere, which trap heat and contribute to global warming and climate change.