A budget is an example of a
A) policy.
B) short-range plan.
C) strategic plan.
D) nonrecurring procedure.

Question

Quizplus · Accepted Answer

A budget is a short-range plan that outlines an organization's financial goals and expectations for a specific period, usually a year. It details the projected revenues and expenses, and it helps managers to allocate resources and monitor financial performance. While budgets are part of an organization's overall strategy, they are not a strategic plan in themselves because they focus on a shorter time frame and specific financial objectives.

A Budget Is an Example of a