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QUESTION 9 Regardless of the size of the organization, creating a budget consists of several distinct steps involving different functions or departments of the organization.

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QUESTION 9 Regardless of the size of the organization, creating a budget consists of several distinct steps involving different functions or departments of the organization. Which of the following is NOT one of the typical steps in the budgeting process? O A. Preparation of the Sales or Revenue budget usually completed by Sales and Marketing O B. Based on the Sales or Revenue budget, preparation of the Production budget usually completed by Operations O C. Based on the Sales or Revenue and Production budgets, Accounting/Finance prepares the General and Administrative Budget. O D. Based on all of the foregoing budgets Operations and Accounting/Finance prepare the Capital Budget O E. The Tax Department prepares a Pro-Forma tax return for the next fiscal year. O F. Accounting/Finance prepare the Cash Flow Budget

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