The process of setting specific financial plans,then managing them in real time to achieve those plans is called:
A) a capital expenditure budget
B) a balance sheet budget
C) a cash budget
D) a revenue budget
E) a budgetary control.

Question

Quizplus · Accepted Answer

The process of setting specific financial plans and managing them in real-time to achieve those plans is known as a cash budget. This involves forecasting the inflows and outflows of cash to ensure the business has enough funds to cover its expenses and investment needs. A cash budget can help a business maintain financial stability by preventing over-spending and identifying areas where savings can be made. Therefore, option C is the correct answer.

The Process of Setting Specific Financial Plans,then Managing Them in Real