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Commerce · Q592

Costing

Graduate and Post Graduate · Commerce · question 592

Q592

Fourth step in development of operating budget is to

A.
choose alternatives
Answer
B.
evaluate alternatives
C.
efficiency improvements
D.
predicted improvements

Answer: Option A

Solution

Answer: Option A
Solution:
Fourth step in development of operating budget is to choose alternatives. An operating budget is a forecast of the revenues and expenses expected for one or more future periods.