A budget period should be
A) monthly.
B) for a year or more.
C) long-term.
D) long enough to provide an obtainable goal under normal business conditions.

Question

Quizplus · Accepted Answer

A budget period should be long enough to provide an obtainable goal under normal business conditions. This allows for realistic planning and performance evaluation, accommodating for both short-term operations and long-term strategic planning. The specific duration (e.g., monthly, yearly) can vary depending on the context and goals of the budget.

A Budget Period Should Be