The Objective of the Operating Budget Is to Plan and Control

question 51

True/False

The objective of the operating budget is to plan and control revenue and expenses to obtain desired profits.

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Definitions:

Adjective

An adjective is a part of speech that describes, identifies, or quantifies a noun or pronoun, adding specificity or detail.

Proposition

A statement or assertion that expresses a judgement or opinion which can be either true or false.

Invitation

A request to attend or participate in a specific event, situation, or activity.

Discarded

Refers to the process of eliminating or ignoring elements or information that are deemed irrelevant or unnecessary.