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Question

Prepare Operational Budgets Q8: Organizations have policies and procedures that relate to budgeting and forecasting. Circle the letter that indicates which key features should be included: The policy framework should include: 1. Who has the responsibility of overseeing the budget; 2. Who has the responsibility for approving the budget; 3. When the budget should be prepared and the timeline of the budget; 4. How to prepare the budget (what the process is); 5. How the budget is to be submitted, approved, and distributed; 6. How the budget is monitored; 7. Who is responsible for monitoring the budget; Key features included in the budgeting policy framework are? a) 1; 2; 6 b) 2; 4; 6; 7 c) 1; 3; 4; 5; 6 d) 1; 2; 3; 4; 5; 6; 7 e) 4; 6; 7

          Prepare Operational Budgets

Q8: Organizations have policies and procedures that relate to budgeting and forecasting. Circle the letter that indicates which key features should be included:

The policy framework should include: 
1. Who has the responsibility of overseeing the budget; 
2. Who has the responsibility for approving the budget; 
3. When the budget should be prepared and the timeline of the budget; 
4. How to prepare the budget (what the process is); 
5. How the budget is to be submitted, approved, and distributed; 
6. How the budget is monitored; 
7. Who is responsible for monitoring the budget;

Key features included in the budgeting policy framework are? 
a) 1; 2; 6 
b) 2; 4; 6; 7 
c) 1; 3; 4; 5; 6 
d) 1; 2; 3; 4; 5; 6; 7 
e) 4; 6; 7

prepare operational budgets q8organisations have policies and procedures which relate to budgeting and forecasting circle the letter that indicates which key features should be included the 37387

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