Question

The budgeting process​ ________.
a. requires significant coordination among the​ company's various business segments
b. usually begins about one month before the beginning of the budget period to allow for more current information to be considered
c. does not need input from all levels because it is the role of management to control costs and meet revenue goals
d. is standard among all types of companies

Answer 1

The budgeting process​ requires significant coordination among the​ company's various business segments. Budgeting requires all aspects of a business to come together and make decisions. The decisions need to be made together because the company will usually have an overall budget as a whole but then the individual sections will also have a budget. When they work together if one department needs more money they are able to allocate resources and shift money around easier.