A Formal Written Statement of Management's Plans for the Future

question 78

True/False

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

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Definitions:

Units

In economics, a quantifiable measure used to express the quantity of goods or services.

Satisfaction

A measure of how goods and services supplied by a company meet or surpass customer expectation.

Pleasure

A state of feeling pleased or satisfied, often resulting from the fulfillment of a desire or need.

Synonymous

Having the same or nearly the same meaning as another word or phrase in the same language.