Budgets are
A)restrictive.
B)complicated.
C)forward looking.
D)permanent.
E)retrospective.

Question

Quizplus · Accepted Answer

Budgets are forward-looking financial plans that project revenues and expenses for a certain period, usually a year. They help organizations plan and allocate resources effectively to achieve their objectives. While budgets may put some restrictions on spending, they are not necessarily restrictive or complicated. They can be revised periodically to reflect changes in business conditions, and they are usually not permanent but rather prepared for a specific time frame. Budgets are not retrospective, as they look ahead rather than backward.

Budgets Are