Question

Developing the annual budget a.usually begins on the first day of the prior year. b.usually begins on the first day of the fiscal year. c.usually begins several months prior to the end of the current year. d.is not necessary.

Answer 1

Answer: c.usually begins several months prior to the end of the current year.

Explanation:

A budget is an aid to management that is useful in planning and the achievement of the goals of an organization.

It should be noted that developing the annual budget usually begins several months prior to the end of the current year.