Question

A budget is best described as: ?a. a formal statement of a company's future plans usually expressed in monetary terms.?b. a master control device.?c. an informal statement of company's future plans usually expressed in monetary terms.?d. the most crucial component of a company's evaluation process.?e. the minimum acceptable performance level.

Answer 1

It is a because if you think about it, you would budget for your future.

Answer 2

The correct answer is A. A formal statement of a company's future plans usually expressed in monetary terms.

Explanation:

In the economy, a budget refers to a detailed and precise plan on the money or resources that are necessary for a project or purpose. This includes personal budgets, for example, a budget for your next trip, but also a company budget. In this case, budgets are formal and include the money and resources that are needed for the company's future plans. Additionally, company budgets are more complex and detailed because each aspect needs to be considered; moreover, these are strictly followed when developing a project. According to this, a budget is "A formal statement of a company's future plans usually expressed in monetary terms".