Budgets are
A) useful for businesses, but too restrictive to be used by individuals or households.
B) a financial plan of projected revenues and expenses.
C) just another name for cash flow statements.
D) only helpful to people who earn more than $50,000 per year.

Question

Quizplus · Accepted Answer

Budgets are a detailed plan of income and expenses for a given period of time. They are essential for businesses and individuals alike to achieve their financial goals and manage their financial resources effectively. A budget helps to identify potential problems and opportunities for savings and allows for better decision-making when it comes to spending money.

Budgets Are