Question

The first step in creating a budget is to __________.

a. invest money
b. track expenses
c. set financial goals
d. explore income opportunities

Answer 1

I'd say it'd be to track your expenditure. If you're a large business, you're likely going to have a higher expenditure than a smaller business, so naturally you're going to want a higher budget.

Investing money in to nothing has nothing to do with budgeting.

A business' financial goals has nothing to do with the budgets they set.

Any opportunities for income also has no impact on setting budgets.

Answer 2

b. track expenses ..