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

Question

Quizplus · Accepted Answer

Budgets are forward looking, meaning they are designed to plan for and allocate resources for future periods. While they may be perceived as restrictive or complicated, they serve an important purpose in helping organizations achieve their goals and objectives. They are not permanent and are necessary for effective financial management.

Budgets Are