The managers of a transport company are planning how much money should be allocated to each of its units. They want to cut down unnecessary expenses and put the savings into developing the company. In this context, the managers are formulating a(n) _____.
A)purpose statement
B)policy
C)regulation
D)strategic objective
E)budget

Question

​The managers of a transport company are planning how much money should be allocated to each of its units. They want to cut down unnecessary expenses and put the savings into developing the company. In this context, the managers are formulating a(n) _____.
A)​purpose statement
B)​policy
C)regulation
D)strategic objective
E)​budget

Quizplus · Accepted Answer

The managers are formulating a budget, which is a financial plan that outlines how much money will be allocated to different areas of the company. A budget helps managers cut down on unnecessary expenses and allocate resources more efficiently, which in turn can help the company develop and grow.

​The Managers of a Transport Company Are Planning How Much

The Managers of a Transport Company Are Planning How Much