Expressing plans for a business in financial terms is commonly called:
A) master planning.
B) budgeting.
C) strategic planning.
D) operational planning.

Question

Quizplus · Accepted Answer

Budgeting involves creating a financial plan for a business, including estimating future revenues and expenses. This process helps businesses allocate resources effectively and make informed decisions about future investments. Master planning, strategic planning, and operational planning may also involve financial considerations, but they focus more broadly on overall business strategy and goals.

Expressing Plans for a Business in Financial Terms Is Commonly