In order to assist in revenue realization, a(n) ________ allocates resources throughout the firm.
A) forecast
B) balance sheet
C) budget
D) income statement

Question

Quizplus · Accepted Answer

A budget allocates resources throughout the firm based on estimated revenues and expenses, allowing for more effective revenue realization. A forecast simply predicts future revenue and does not allocate resources, a balance sheet is a snapshot of a firm's assets and liabilities at a specific point in time, and an income statement shows revenue and expenses over a period of time but does not allocate resources.

In Order to Assist in Revenue Realization, A(n) ________ Allocates