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Question
A budget relates to a ______ period.
Options
Future
Historical
Present
None of these
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Solution
A budget relates to a future period.
Explanation:
A budget is a detailed plan prepared in advance for a specific future period; it estimates expected results, resources, and policies to be followed, and is used for planning, coordination and control.
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RELATED QUESTIONS
The ______ budget contains an estimate of the total volume of production week wise, month wise and product-wise.
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The budget that forms the fundamental basis of all budgets and lays down the revenue goals of an enterprise is the ______.
A budget is tool which helps the management in planning and control of ______.
A ______ is a quantitative plan prepared in advance for a future time period.
Budgets are an important tool of ______.
Explain the term ‘budget’.
Budgeting is the first step in ______.
Choose the Odd-One-Out:
Budgeting is
- Art and science of planning income
- Careful outline of spending money
- The first step in money management
- A type of investment
