Asked by Olivia Egede on May 29, 2024
Verified
A budget period should be
A) monthly.
B) for a year or more.
C) long-term.
D) long enough to provide an obtainable goal under normal business conditions.
Budget Period
A specific time frame for which financial planning, expenditure, and allocations are made and tracked.
Monthly
Pertains to something occurring every month or related to a particular month.
Obtainable Goal
A target or objective that is realistically achievable within a given timeframe or with available resources.
- Analyze the duties of far-reaching planning and its duration relative to standard budgetary periods.
Verified Answer
DW
Darci WesterMay 30, 2024
Final Answer :
D
Explanation :
A budget period should be long enough to provide an obtainable goal under normal business conditions. This allows for realistic planning and performance evaluation, accommodating for both short-term operations and long-term strategic planning. The specific duration (e.g., monthly, yearly) can vary depending on the context and goals of the budget.
Learning Objectives
- Analyze the duties of far-reaching planning and its duration relative to standard budgetary periods.