Which of the following statements is true?
A)The budget is the dollar manifestation of the firm's strategic plans.
B)The budget is a management tool.
C)The budget is a plan.
D)All of these.
E)None of these.

Question

Quizplus · Accepted Answer

All of the given statements are true. The budget is the manifestation of a firm's strategic plans in terms of dollars, it is a management tool used for planning and control, and it is a plan that details the firm's projected revenues, costs, and expenses for a specific period.

Which of the Following Statements Is True