What are all the required components of - Identify the elements involved in the budget preparation, enactment, and execution. - Provide details on the development, execution, and evaluation of the cycle. Be specific about the process. - Identify who is responsible or involved in each aspect of the budget cycle.preparing a budget? Who is involved? What other external influences need to be considered? What are the common pitfalls one can anticipate in budget execution, and how can budget execution system design assist in minimizing these pitfalls