A budget depends upon:
A)only the level of output.
B)only the input standards.
C)both the level of output and the input standards.
D)neither the level of output nor the input standards.

Question

Quizplus · Accepted Answer

A budget is a financial plan that outlines the expected revenue and expenses for a particular period. The level of output and input standards both have a significant impact on the budget. The level of output determines the revenue that a company can generate, while the input standards determine the cost of producing the output. Therefore, both these factors are essential for creating a budget that accurately predicts the financial performance of a company.

A Budget Depends Upon