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Questions and Answers
What is the purpose of a budget?
What is the purpose of a budget?
- To forecast the stock market
- To analyze historical data
- To manage human resources
- To allocate resources and control compliance with the plan (correct)
What is the difference between fiscal leader and fiscal manager?
What is the difference between fiscal leader and fiscal manager?
- Fiscal leader sets the financial direction, while fiscal manager oversees day-to-day financial activities (correct)
- Fiscal leader oversees day-to-day financial activities, while fiscal manager sets the financial direction
- They have the same roles and responsibilities
- Fiscal leader is responsible for budgeting, while fiscal manager handles investments
When is budgeting usually undertaken?
When is budgeting usually undertaken?
- At any random time during the year
- During the financial year
- After the financial year ends
- Before the beginning of the financial year (correct)
