Question

The budget process involves all of the following except a.dismissing all managers who fail to achieve operational goals specified in the budget b.executing plans to achieve the goals c.establishing specific goals d.periodically comparing actual results with the goals

Answer 1

The budget process entails setting goals, executing plans, and reviewing performance, but not automatically dismissing managers for unmet budget goals.

Step-by-step explanation:

The budget process is a comprehensive procedure that certainly involves establishing specific goals, executing plans to achieve those goals, and periodically comparing actual results with the goals set forth to assess performance. However, the option of dismissing all managers who fail to achieve operational goals specified in the budget is not typically a standard step in the budget process. Such a drastic measure would not be conducive to the continuous improvement approach many organizations take, nor is it reflective of the complexity involved in achieving budgetary goals. Additionally, within the context of public policy and the federal budget process, the emphasis lies on setting policy directions, allocating resources accordingly, and overseeing implementation rather than on punitive measures.

Answer 2

Answer: Option (A)

Step-by-step explanation:

The budget process is referred to as or known as the process under which a federal government or an organization tends to create and thus approve the budget. Budgeting is referred to as or known as the setting or evaluation of the expenditure scale for each and of the organization's or company's functions. It is known to be the allocation and estimation of the available capital that is used in order to achieve designated targets or aim of the firm.