Which of the following is true of a budget committee? a. It ensures that shareholders approve the budget. b. It takes care of the marketing activities of a firm. c. It is responsible for reviewing the budget. d. It works under the direction of the budget director

Question

Tanya Knox

Business

14 February, 20:30

Which of the following is true of a budget committee? a. It ensures that shareholders approve the budget. b. It takes care of the marketing activities of a firm. c. It is responsible for reviewing the budget. d. It works under the direction of the budget director

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Answers (1)

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Alessandra Barber · Answer 1

The correct answer is letter "C": It is responsible for reviewing the budget.

Explanation:

The Budget Committee is formed by high executives in an organization who create and keep the fiscal responsibility of that company. Normally, budget committees are composed by the Chief Executive Officer (CEO) and the Chief Financial Officer (CFO). They are in charge of reviewing and approving the budget.