If you do not budget for unexpected expenses in a given month, you will likely experience a(n)
A) cash shortage.
B) cash surplus.
C) increase in assets.
D) decrease in liabilities.

Question

Quizplus · Accepted Answer

Not budgeting for unexpected expenses typically leads to a cash shortage because you may not have allocated enough funds to cover these unforeseen costs, potentially resulting in spending more than you have available.

If You Do Not Budget for Unexpected Expenses in a Given