Asked by makayla porter on Jul 07, 2024
Verified
Budgets are standing plans that are used repeatedly.
Budgets
Financial plans that allocate resources, project revenues and expenses, and guide spending and investment decisions over a specific period.
Standing Plans
Established procedures and policies designed to be used repeatedly to guide organizational actions.
- Differentiate between plans intended for a single application and those designed for ongoing use.
Verified Answer
SK
simon kaboreJul 08, 2024
Final Answer :
False
Explanation :
Budgets are financial plans for a specific period of time and are not considered standing plans, which are policies or standard procedures used repeatedly in various situations.
Learning Objectives
- Differentiate between plans intended for a single application and those designed for ongoing use.
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