The main purpose of a budget is to
A) develop goals.
B) develop a financial plan.
C) give feedback to the plan.
D) monitor and control financial outcomes.
E) revise goals.
Correct Answer:
Verified
Q69: The income and expense statement is specific
Q70: _ is an example of personal property.
A)Jewelry
B)Recreational
Q71: The income and expense statement examines your
Q72: Another term sometimes used instead of net
Q73: Sam and his wife Ann purchased a
Q75: When Phil lists his house on his
Q76: Sonny and Cher have a net worth
Q77: A budget is a
A)purchase plan.
B)line of credit.
C)financial
Q78: You are solvent if your
A)total liabilities exceed
Q79: Budgets are
A)restrictive.
B)complicated.
C)forward looking.
D)permanent.
E)retrospective.
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