It is in the form of fiscal planning, controlling, and accounting the costs. It is the final decision about a plan and its priority:
It is in the form of fiscal planning, controlling, and accounting the costs. It is the final decision about a plan and its priority:
Options:
(a) Planning
(b) Staffing
(c) Organizing
(d) Budgeting
✅ Correct Answer:
(d) Budgeting
Explanation:
Budgeting is the process of allocating financial resources, controlling costs, and accounting for expenditures in an organization. It involves fiscal planning, setting priorities, and making decisions about resource utilization to achieve organizational goals. Budgeting ensures financial discipline, efficiency, and transparency.
It differs from planning (general goal-setting), staffing (personnel management), and organizing (structuring resources). In schools, budgeting includes allocating funds for infrastructure, salaries, supplies, and programs. PPSC exams often test budgeting as a critical component of educational and organizational management, linking fiscal planning with operational effectiveness.
10 Related Facts:
- Budgeting = fiscal planning and cost control.
- Allocates financial resources efficiently.
- Involves accounting for expenditures.
- Sets priorities for resource use.
- Ensures financial discipline and transparency.
- Differs from planning, staffing, organizing.
- Vital for schools and institutions.
- Includes salaries, infrastructure, and program funding.
- Supports decision-making and efficiency.
- Frequently asked in PPSC management MCQs