The budget is the _______________ of how a business is going to operate to reach a stated objective.Select one:a.definitionb.time periodc.frameworkd.strategic plan
Question
The budget is the _______________ of how a business is going to operate to reach a stated objective.Select one:a.definitionb.time periodc.frameworkd.strategic plan
Solution
The correct answer is c. framework. A budget serves as a framework that outlines the financial plans and goals of a business, detailing how resources will be allocated
Similar Questions
A budget is an example of a:Question 4Select one:a.single-use plan.b.contingency plan.c.standing plan.d.strategic plan.
YouWhich one is true ? A budget is A determines and evaluates the cost of specific products or activities in a businessB is used to determine if a product should be continued or discontinuedC compiles actual costs for a given periodD quantifies management's plans
The last major objective of budgets or budgeting.Select one:a.Performance Evaluationb.Allocation of Resourcesc.Business Coordinationd.Planning Ahead
A budget is:Group of answer choicesthe process relating to the longer term planning for a business.all of the options are true.a financial statement prepared for external users.a quantitative expression of an entity's future plans.
Budgets must link ________ to objectives, so budgeting is a tactical implementation of the ________.Strategies, business planOperations, business planBusiness plan, operation planStrategies, operation plan
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