Which one of the following activities will Pop Chip likely undertake in the first step of its budgeting process? Question 4 options: a) Identify production constraints based on the number of factories, machines, and employees. b) Track and report actual results against the budget. c) Gather information to support the assumptions in its budget. d) Predict sales and sale prices for the next year. Option a) is correct. In the first step of the budgeting process, Pop Chip will identify constraints, potential issues, and areas of uncertainty