A budget is a forecast of sales activity and an estimate of the costs that will be incurred in the process of generating those sales.

Name: A budget is a forecast of sales activity and an estimate of the costs that will be incurred in the process of generating those sales.
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Question

Quizplus · Accepted Answer

A budget is indeed a financial plan that estimates revenue (sales activity) and expenses (costs) over a specified period, helping businesses plan for future financial activities.

A Budget Is a Forecast of Sales Activity and an Estimate