What Is the Name for a Forecast or Estimate of Future

question 32

Multiple Choice

What is the name for a forecast or estimate of future operating revenue, expense and profit?

• A) P&L
• B) Budget
• C) Income statement
• D) Expense category

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Definitions:

Ethical Behaviour

The practice of acting in ways consistent with moral principles and values such as honesty, fairness, and integrity.

Honesty

The quality of being truthful, transparent, and free from deceit in one's actions and communications.

Individualism View

Considers ethical behaviour as that which advances long-term self-interests.

Organisational Enrichment

The process of improving an organization's effectiveness, health, and capacity for growth by developing its resources and capabilities.