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.

(a) Planning

(b) Organizing

(c) Staffing

(d) Budgeting

✅ Correct Option:

(d) Budgeting

Explanation:

Budgeting is a vital administrative and managerial function that deals with fiscal planning, controlling expenditures, and accounting for costs. It represents the financial expression of organizational plans and priorities. Through budgeting, an organization decides how limited financial resources will be allocated to various activities and programs. Budgeting serves as the final decision-making stage of planning because it assigns monetary value to plans and determines which activities will be given priority. Without a budget, plans remain theoretical and cannot be implemented effectively. Budgeting also acts as a control mechanism by comparing actual expenditures with planned allocations, helping management detect deviations and take corrective action. In educational institutions, budgeting is essential for allocating funds to salaries, infrastructure, learning resources, training, and co-curricular activities. A well-prepared budget ensures optimal use of resources, transparency, accountability, and financial discipline. Budgeting is closely related to planning but is distinct in that it specifically focuses on financial aspects. Hence, budgeting is the correct answer.

10 Related Facts (PPSC-Oriented):

1. Budgeting is a financial plan.

2. It converts plans into monetary terms.

3. Helps set organizational priorities.

4. Acts as a control tool.

5. Prevents misuse of funds.

6. Essential for educational administration.

7. Supports accountability and transparency.

8. Budget reflects policy decisions.

9. Requires forecasting income and expenses.

10. Final stage of planning process.