Budget will help you track your finances but will not help you take sound financial decisions.Group of answer choicesTrueFalse

Financial Planning and Budgeting:

Which statement best describes a budget?A.A budget is a prediction of future earnings.B.A budget is how much income goes to pay off debt.C.A budget is how much you earn in a year.D.A budget is a plan for estimating income and expenses for a set period.SUBMITarrow_backPREVIOUS

All of the following describe a budget appropriately EXCEPT:Group of answer choicesIt is the best tool to help you get more for your money.It is setting limits and restrictions on your money and does not do anything else.It helps keep track of your money so you know where it is going.It helps you save for both short-term and long-term financial goals.

Your budget can help you keep track of _____, which is how much money you take in versus how much you spend.A.discretionary incomeB.cash flowC.net worthD.rate of returnSUBMITarrow_backPREVIOUS

The following are the benefits of the budgeting, except:Select one:a. Budgets help managers tailor their operations to meet their personal goals.b. Planning involves setting short-term objectives that align with the company’s long-term strategyc. Budgets can be compared to actual amounts, and the analysis can be used to evaluate current operations and employee performance.d. Provide a more detailed picture of what goals need to be accomplished.