What is the process of forecasting future expenses and savings called?
A)Budgeting
B)Planning
C)Predicting
D)Foreasting

Question

Quizplus · Accepted Answer

Forecasting future expenses and savings is a part of the budgeting process, which involves creating a plan for how to allocate financial resources in the future. Planning and predicting are related concepts, but they don't necessarily involve the same level of detail and specificity as budgeting. Forecasting, on the other hand, specifically involves using past data and trends to anticipate future financial outcomes.

What Is the Process of Forecasting Future Expenses and Savings