A formal written statement of management's plans for the future, expressed in financial terms, is a a.budget b.gross profit repo

Question

s2008m [1.1K]

3 years ago

8

A formal written statement of management's plans for the future, expressed in financial terms, is a a.budget b.gross profit repo

rt c.performance report d.responsibility report

Business

1 answer:

Yanka [14] · Answer 1 · 2022-05-06T02:11:15+03:00

Answer:

a.budget

Explanation:

The budget refers to the estimation of the revenues earned and expenses incurred so that the company could able to take the decisions according to that.

It also a formal and written statement that shows the management plans for the upcoming future i.e to be expressed in a numerical term or we can say in financial terms

Hence, the correct option is a. budget