DBM stands for which of the following?

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Prepare for the Fundamentals of Accountancy, Business, and Management (FABM) 1 Exam. Study efficiently with multiple choice questions and detailed explanations. Enhance your knowledge and succeed in your exam with confidence.

Multiple Choice

DBM stands for which of the following?

Explanation:
DBM stands for Department of Budget and Management. This name identifies a primary government unit responsible for the budget process—formulating the financial plan, allocating resources, and monitoring how funds are spent to ensure fiscal discipline and policy priorities are met. The word Department signals a top-level government entity, Budget points to the financial plan, and Management covers overseeing and executing that plan. The other phrasings would imply different scopes: a division or directorate suggests a smaller subdivision, not the main department; terms like Money or Business and Management shift the focus away from official budgeting responsibilities.

DBM stands for Department of Budget and Management. This name identifies a primary government unit responsible for the budget process—formulating the financial plan, allocating resources, and monitoring how funds are spent to ensure fiscal discipline and policy priorities are met. The word Department signals a top-level government entity, Budget points to the financial plan, and Management covers overseeing and executing that plan.

The other phrasings would imply different scopes: a division or directorate suggests a smaller subdivision, not the main department; terms like Money or Business and Management shift the focus away from official budgeting responsibilities.

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