Budgeting is the process of developing a financial plan that identifies the revenues and resources required to carry out activities and achieve strategic goals. Therefore, <u>budget</u> is the correct answer.
<h3>What does a budget mean and why is it important? </h3>
A budget is a tool for keeping track of your income and expenses. A key component of your total success and security is budget creation.
It enables you to monitor and more clearly comprehend whether your company generates enough income (incoming money) to cover its costs. Having a budget promotes financial stability.
A budget makes it simpler to pay bills on time, accumulate an emergency fund, and save for significant costs like a car or home by keeping track of spending and sticking to a plan.
Overall, having a budget gives a person more financial stability for both the short and long term.
Therefore, budget is the correct answer which meets the strategic goals.
Check out the link below to learn more about the budget;
brainly.com/question/28127212
#SPJ4
