Financial budgets:
A) project cash flows and expenditures.
B) plot anticipated sales or revenues against expenses.
C) allocate resources like labor, equipment, and space.
D) allocate a stated amount of resources for a specific purpose.
E) allow resources to vary in proportion with various levels of activity.

Question

Quizplus · Accepted Answer

Financial budgets are primarily concerned with projecting cash flows and expenditures to ensure that an organization can meet its financial obligations and plan for future financial needs.

Financial Budgets