INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select
-A detailed forecast used to monitor and control expenses is called a [financial plan | income/expenditures statement].
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Question

Quizplus · Accepted Answer

A financial plan is a detailed forecast for managing expenses, while an income/expenditures statement is a record of actual income and expenses. Therefore, a financial plan would be the correct choice for monitoring and controlling expenses.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which