A Plan That Includes Projected Income and Expenses for a Business

question 14

Multiple Choice

A plan that includes projected income and expenses for a business for a given time period is a(n) :

• A) balance sheet.
• B) income statement.
• C) cash flow statement.
• D) budget.

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Definitions:

Productivity

The measure of efficiency of a person, machine, factory, or system in converting inputs into useful outputs.

High-Performing

Describes individuals, teams, or organizations that consistently achieve outstanding results relative to their peers or objectives.

Low-Performing

Referring to an individual or entity that fails to meet expected or standard levels of productivity or achievement.

Friendly Competitive

A situation in which competitors interact in a positive and supportive manner while still striving to win.