Answer:
B. 1. Planning the performance of the company as a whole and of its sub-units
2. Providing subordinate managers with a frame of reference
3. Investigation into variations from the plan
4. Use of feedback, new conditions and experience to develop a plan for the next period.
Explanation:
Budgeting cycle is the key element of planning the functions of a company.
This is the element which defines the availability of resources with the company. This includes the following:
Planning: This step basically sets the targets of the company to be achieved and that clearly divided into sub units or segments also.
Management: Management shall be designated for each segment individually to meet the segment performance criteria.
Investigation: This involves investigating what a company can do and what it cannot, what further alterations can be done.
Feedback: This is used as a step, to monitor whether as far we running the performance in main direction as stated in planning, or if any problems faced by employees or managers shall be taken care.
