Budgets are a type of__________.
A) strategic plans
B) tactical plans
C) operational plans
D) visionary plans

Question

Quizplus · Accepted Answer

Budgets are detailed financial plans that outline projected expenses and revenues for a specific period. They are used to control and monitor the financial performance of an organization and are considered part of the operational planning process. Strategic plans are high-level plans that set the overall direction and goals of an organization, while tactical plans are short-term plans that outline specific actions to achieve a goal. Visionary plans are not a recognized type of planning.

Budgets Are a Type Of__________