Budgets are typically set for:
A)a decade.
B)one year.
C)one month.
D)five years.

Question

Quizplus · Accepted Answer

Budgets are typically set for a period of one year, which allows for regular review and adjustment based on changing circumstances and priorities. This allows organizations to stay on track financially and make strategic decisions about how to allocate resources. Setting a budget for a longer period, such as a decade or five years, may be too inflexible and can lead to unexpected financial challenges. A monthly budget can be useful for tracking cash flow and expenses, but it may not provide enough time to adequately plan and prepare for future expenses and investments.

Budgets Are Typically Set For