All of the following are steps in the budgetary control process except: Multiple Choice Develop the budget from planned objectives. Compare actual results to budgeted amounts and analyze differences. Take corrective and strategic actions. Communicate differences to supervisors to facilitate promotion decisions.

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.