Which of the following statements about a budget is true?
A)It is usually general and not specific.
B)It is first and foremost a plan.
C)It is usually developed for only a part of a firm.
D)It continues even after the stated period is over.

Question

Which of the following statements about a budget is true?​
A)It is usually general and not specific.
B)It is first and foremost a plan.
C)It is usually developed for only a part of a firm.
D)It continues even after the stated period is over.

Quizplus · Accepted Answer

A budget is first and foremost a plan, outlining the expected income and expenses during a specified period of time. It is not typically general, but rather specific to the organization as a whole. It is also typically developed for the entire organization, not just a part of it. A budget does not continue after the stated period is over, as it is meant to be a snapshot of a specific time frame.

Which of the Following Statements About a Budget Is True?​

Which of the Following Statements About a Budget Is True?