{"id":59647,"date":"2024-04-16T01:40:59","date_gmt":"2024-04-16T01:40:59","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=59647"},"modified":"2024-04-16T01:40:59","modified_gmt":"2024-04-16T01:40:59","slug":"second-step-in-developing-operating-budget-is-to","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/second-step-in-developing-operating-budget-is-to\/","title":{"rendered":"Second step in developing operating budget is to"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;plan coordination&#8221; option2=&#8221;plan accounts&#8221; option3=&#8221;obtain information&#8221; option4=&#8221;coverage information&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>C. obtain information<\/strong><\/p>\n<p>The second step in developing an operating budget is to obtain information. This information can be obtained from a variety of sources, including historical data, industry reports, and economic forecasts. The information that is obtained will be used to create a budget that is realistic and achievable.<\/p>\n<p>The other options are incorrect because they are not the second step in developing an operating budget.<\/p>\n<ul>\n<li><strong>Plan coordination<\/strong> is the fourth step in developing an operating budget. This step involves coordinating the activities of the different departments within the organization so that they are all working towards the same goal.<\/li>\n<li><strong>Plan accounts<\/strong> is the third step in developing an operating budget. This step involves creating a chart of accounts that will be used to track the organization&#8217;s financial performance.<\/li>\n<li><strong>Coverage information<\/strong> is not a step in developing an operating budget.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;plan coordination&#8221; option2=&#8221;plan accounts&#8221; option3=&#8221;obtain information&#8221; option4=&#8221;coverage information&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-59647","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Second step in developing operating budget is to<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/second-step-in-developing-operating-budget-is-to\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Second step in developing operating budget is to\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;plan coordination&#8221; 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