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CTP · Question #22

(Topic 1) In developing an operating budget, the first and MOST critical step is?

The correct answer is B. Generate a sales budget. See the full explanation below for the reasoning.

Question

  • (Topic 1)

In developing an operating budget, the first and MOST critical step is?

Options

  • AGet management approval.
  • BGenerate a sales budget.
  • CEstablish cost allocations.
  • DDetermine capital structure.

How the community answered

(19 responses)
  • A
    5% (1)
  • B
    84% (16)
  • D
    11% (2)

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