The University of Michigan develops a budget that shows its projected income from sources such as the state of Michigan,tuition and fees,alumni contributions,and research grants.This is an example of a(n)____ budget.
A)operations
B)capital expenditures
C)nonmonetary
D)output
E)revenue

Question

Quizplus · Accepted Answer

A revenue budget projects the expected income or revenue from various sources. The University of Michigan's budget is focused on projecting its expected income from sources such as state funding, tuition, donations, and research grants, which makes it a revenue budget.

The University of Michigan Develops a Budget That Shows Its