Financial tools for systematically converting the objectives of an organization into plans for acquiring revenues and controlling expenditures are better known as:

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Financial tools for systematically converting the objectives of an organization into plans for acquiring revenues and controlling expenditures are known as budgets. Strategic plans are the overall long-term plan for the organization's direction, operational plans are more focused on day-to-day operations, and business plans are usually developed for a specific project or new venture.

Financial Tools for Systematically Converting the Objectives of an Organization