The Four Phases of the Budget Cycle Are

Multiple Choice

The four phases of the budget cycle are

A) preparation and submission, review by the office of management and budget, policy execution, and audit by a specialized agency.
B) preparation and submission, review by the legislature and approval, policy execution, and audit by a specialized agency.
C) preparation and submission, review by the legislature and approval, subcommittee markup and authorization, and audit by a specialized agency.
D) executive approval, legislative consideration, legislative approval, and execution.
E) None of the above.