Asked by Andreas Frånlund on Jun 14, 2024
Verified
A formal statement of future plans,usually expressed in monetary terms,is a:
A) Variance report.
B) Position statement.
C) Budget.
D) Prospectus.
E) Variance analysis.
Budget
An estimate of income and expenditure for a set period of time, serving as a financial plan and control method.
- Absorb the critical elements and approaches of adept budgeting and control.
Verified Answer
MA
mezhoura allilicheJun 18, 2024
Final Answer :
C
Explanation :
A budget is a formal statement of future plans, usually expressed in monetary terms. A variance report is an analysis of the differences between planned and actual results. A position statement is a summary of a company's financial position. A prospectus is a document that provides details about a company's investment opportunity. Variance analysis is the process of analyzing the differences between planned and actual results.
Learning Objectives
- Absorb the critical elements and approaches of adept budgeting and control.
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