What Is the Correct Sequence in the Budgeting Process

Multiple Choice

What is the correct sequence in the budgeting process?

A) Identifying the alternatives;Evaluating the alternatives
Defining the objectives;Monitoring actual performance
Taking corrective action;Creating a long-term plan
Implementing the long-term plan: budgeting
B) Identifying the alternatives;Evaluating the alternatives
Taking corrective action;Creating a long-term plan
Defining the objectives;Monitoring actual performance
Implementing the long-term plan: budgeting
C) Defining the objectives;Creating a long-term plan
Implementing the long-term plan: budgeting
Monitoring actual performance;Identifying the alternatives
Evaluating the alternatives;Taking corrective action
D) Defining the objectives;Identifying the alternatives
Evaluating the alternatives;Creating a long-term plan
Implementing the long-term plan: budgeting
Monitoring actual performance;Taking corrective action