The time coverage of a budget should be:
A)one year
B)guided by the purpose of the budget
C)cover design through manufacture and sale of the product
D)shorter rather than longer

Question

Quizplus · Accepted Answer

The time coverage of a budget should be guided by the purpose of the budget. Different purposes may require different lengths of time to cover. For example, a short-term budget may be appropriate for addressing immediate financial needs, while a long-term budget may be necessary for achieving strategic goals. Therefore, B is the best choice as it takes into account the specific purpose of the budget.

The Time Coverage of a Budget Should Be