Question

A ______ represents a state of control. On the other hand, a ______ represents events over which no control can be exercised.

Options

• Budget, forecast

• Forecast, budget

• Trends, plans

• Plans, trends

Answer 1

A budget represents a state of control. On the other hand, a forecast represents events over which no control can be exercised.

Explanation:

A budget is a planned, approved statement that sets targets and is used to exercise control over operations; a forecast merely estimates probable future events and does not provide the same control over outcomes.