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Which government agency is responsible for preparing a budget proposal for the president to submit to Congress?
the Office of Management and Budget (OMB)
Who draws up the national budget?
the legislative budget board and the officer of budget planning
Which budget is prepared without monetary amounts?
A budget prepared without monetary amounts is known as a "zero-based budget." This type of budget focuses on justifying each expense, starting from a "zero base," rather than adjusting previous budgets. It emphasizes the prioritization of activities and resource allocation based on needs and benefits rather than historical expenditures. This approach allows for a more strategic allocation of resources based on current objectives rather than past spending patterns.
What is a budget deviation policy?
budget deviation
What is an antonym for budget?
An antonym for budget is spend
Who is a president when preparing the budget?
Barry is that you?
The office of management and budget has the primary responsibility for doing what?
preparing the budget
Is the budgeted income statement prepared before the sales budget?
Budgeted income statement is prepared at the last after preparing all other budgets and sales budget is the starting point of budgeting process.
Who prepare a sales budget?
sales manger is responsible for preparing the sales budget.
If Lisa must adjust her budget to save for a new washer and dryer what is this an example of?
Budget planning Budget forecasting Budget management A prudent way to approach life.
What agency has the most responsibility for preparing the federal budget?
office of management and budget (OMB)
Do you think preparing a budget helps decision making?
a budget is not just a helper, it is essential.
Preparing a budget showing both anticipated and actual expenses What kind of budget would it be?
It would be an expense budget.
When preparing a budget a person must consider their?
Income
What is the difference between budget and cash?
Budget is forecasting future cash needs and cash is most liquid form of money at present.
The executive office agency responsible for preparing the president's budget forecasts and proposals is the?
Office of Management and Budget (OMB) is the executive office agency responsible for preparing the president's budget forecasts and proposals.
The federal budget process begins with?
The process of preparing a federal budget is first knowing what the budget is. The president then has to submit his budget requests to Congress.
