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pentagon [3]
2 years ago
13

Budget is a framework which guides the implementation, assessment, monitoring of all government programs to ensure sound financi

al management. Explain it.​
Business
1 answer:
REY [17]2 years ago
4 0

The yearly budget law, which covers the revenue and expenditure forecasts for a particular year, is planned, approved, executed, and audited within the permanent legal framework provided by the constitution, the budget organic law, and financial rules.

<h3>What is the Importance of a Budget in business?</h3>

It allows the business owner to focus on cash flow, cost-cutting, boosting earnings and boosting returns on investment. The cornerstone of every successful firm is budgeting. It assists with both planning and maintaining control over the company's finances.

An evaluation of a company's anticipated financial resources or the resources needed to finish a project constitutes a budget estimate. A budget estimate is a rough estimation of the amount of money that will likely be needed to finish a project or the amount of money that will be predicted to be available to a firm or organization.

Learn more about Budget here:

brainly.com/question/15683430

#SPJ1

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You pay $75 for a ticket to a Drake concert. You think the ticket is worth $100. The night before the concert your friend offers
lukranit [14]

Answer: $80

Explanation:

The opportunity cost is regarded as the real cost of the alternative that was left or forgone.

Based on the information given in the question, the opportunity cost is the free ticket to a Post Malone concert that is worth $80 which was given to me by my friend.

Therefore, the correct option is E.

5 0
3 years ago
In a perfectly competitive industry, influence over price is exerted by
tigry1 [53]

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

8 0
3 years ago
The "Four C's of Credit" are
White raven [17]
Credit, capacity, collateral, and capital
7 0
3 years ago
On Monday, Ajay's mother gave him cookies and milk after he had played quietly for 10 minutes. On Tuesday, she required 20 minut
jeyben [28]

Answer:

Shaping

Explanation:

Behavioral shaping was first developed and carried out by B.F Skinner. It involves using reward to reinforce desired behavior. The reinforcement is continuously carried out through the use of reward as the person gets closer and closer to the desired behavior. For example the mother of Ajay gradually increased the amount of time Ajay played quietly and she only reinforced with reward as Ajay kept the desire time ( 10 minutes, 20 minutes) She did not reinforce the previous 10 minute but the 20 minutes and only reinforced after the half hour set on Wednesday. After the final desire has been achieved, she will reinforce the final response.

7 0
3 years ago
ou are scheduled to receive $35,000 in two years. When you receive it, you will invest it for 8 more years at 6.5 percent per ye
Studentka2010 [4]

Answer:

$57,925

Explanation:

n = 8 years

i/r = 6.5%/year

PV = $35,000

The amount in 10 years (FV) = 35,000 x (1+0.065)^8 = $57,925

8 0
3 years ago
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