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Question
A ______ is a quantitative plan prepared in advance for a future time period.
Options
Forecast
Budget
Trend
None of these
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Solution
A budget is a quantitative plan prepared in advance for a future time period.
Explanation:
A budget is a quantitative plan prepared in advance for a future period; it sets targets, allocates resources to achieve objectives, and is distinct from a forecast (which merely estimates probable events).
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