What is the term for the quantitative expressions of plans stated in physical or financial terms,or both?
A)budgets
B)financial statements
C)cost of goods sold statements
D)cost of goods manufactured statements

Question

Quizplus · Accepted Answer

Budgets are plans expressed in physical or financial terms or both. They provide quantitative expressions of plans and help organizations to manage their financial and physical resources effectively. Financial statements and cost of goods sold/manufactured statements are important sources of financial information but they do not necessarily include quantitative expressions of plans.

What Is the Term for the Quantitative Expressions of Plans