A detailed plan that describes the use of financial and operating resources over a specific period of time in the future is a(n):
A) business plan.
B) budget.
C) statement of comprehensive income.
D) balance sheet.

Question

Quizplus · Accepted Answer

A budget is a detailed plan that outlines financial and operating resources for a specific period of time in the future. A business plan outlines the overall strategy and objectives of a business, while the statement of comprehensive income and balance sheet are financial statements that report on the financial performance and position of a business.

A Detailed Plan That Describes the Use of Financial and Operating