The revenue and expense budgets are often referred to as the __________.

Question

Quizplus · Accepted Answer

The revenue and expense budgets are part of the operating budget, which outlines the expected financial activity for a specific period of time, typically a year. The financial statements are a summary of actual financial activity for a given period, while financial controls refer to tools and procedures used to manage and monitor financial activity. Operations directives are instructions on how to carry out specific tasks or projects.

The Revenue and Expense Budgets Are Often Referred to as the __________