_____ is a management tool that explicitly shows how a firm will acquire and use the resources needed to achieve its goals over a specific time period.
A) Budgeting
B) Investing
C) Auditing
D) Trading

Question

Quizplus · Accepted Answer

Budgeting is the management tool that explicitly shows how a firm will acquire and use the resources needed to achieve its goals over a specific time period. Budgeting involves a detailed financial plan that quantifies future expectations and actions, such as revenues, expenses, profit, and cash flow. It helps firms allocate their resources effectively, identify potential financial problems, and monitor their performance against their expectations.

_____ Is a Management Tool That Explicitly Shows How a Firm