A statement that projects income and/or expenditures over a specified future period is called a
A) financial plan.
B) cash flow plan.
C) resources plan.
D) resource allocation statement.
E) budget.

Question

Quizplus · Accepted Answer

A statement that projects income and/or expenditures over a specified future period is called a budget. A financial plan refers to a broader set of strategies for managing finances, including investments and retirement planning. A cash flow plan focuses specifically on tracking and projecting cash inflows and outflows. A resources plan and resource allocation statement are not commonly used terms in financial management. Therefore, the best choice is E: budget.

A Statement That Projects Income And/or Expenditures Over a Specified