The budget is:
A) a short-term plan.
B) more detailed than a strategic plan.
C) not influenced by strategic decisions.
D) a short-term plan AND more detailed than a strategic plan.

Question

Quizplus · Accepted Answer

A budget is a short-term plan as it outlines the financial goals of the organization for a specific period, usually a year. It is more detailed than a strategic plan as it contains specific line-item expenses and revenue projections. Therefore, both options A and B are correct. However, a budget is influenced by strategic decisions as the goals set in the strategic plan guide the budgetary decisions that help achieve those goals. Option C is incorrect.

The Budget Is