00:01
This question is asking about the budgeting process and which of the following is not related.
00:12
So let's just go through each one of them and talk about it briefly.
00:16
So the first one is to communicate management's plans throughout the entire organization.
00:22
So communication.
00:32
So a budget is a tool to communicate for the whole company or the whole organization.
00:41
So everyone can see the budget.
00:43
Everyone knows what the plan is for the upcoming year or the upcoming quarter.
00:49
No matter where you are in the organization, you could see that, and that is management's way of communicating financial information.
00:59
So that is part of the budget process.
01:02
The next one is to provide a means of allocating resources.
01:15
So i'll put a check next to communicating.
01:17
So allocating resources so they can be used most effectively.
01:23
I think this is part of the budget process as well because you're trying to create as accurate of a budget as possible based on information you have available to you.
01:34
And so you have a good estimate of what your income and revenue will be for a period of time that you're budgeting.
01:43
And then with that knowledge, you can expense it out in your budget to what it needs to be used for...
