What is a budget?
A) a complete statement of financial management
B) a financial plan covering stock options
C) a financial plan showing estimated revenues and expenses
D) a plan for implementing financial controls
E) an estimate of the cash flow for a period of time
Answer: C
Explanation: C) One part of a financial plan is the budget, which is defined as a detailed financial plan showing estimated revenues and expenses for a particular future period, usually one year.
You might also like to view...
If a property receives a low appraisal, and agent may try to salvage the sale by:
A. Having the seller lower the sales price to the appraised value B. Have the buyer make a larger down payment C. Requesting a reconsideration of value D. All of the above
Describe the different discovery methods used in civil litigation
What will be an ideal response?