What is a budget? A) a complete statement of financial management B)

QUESTION

What is a budget?

A) a complete statement of financial management
B) a financial plan covering stock options
C) a financial plan showing estimated revenues and expenses
D) a plan for implementing financial controls
E) an estimate of the cash flow for a period of time

ANSWER

Answer: C
Explanation: C) One part of a financial plan is the budget, which is defined as a detailed financial plan showing estimated revenues and expenses for a particular future period, usually one year.