A Budget ________

question 138

Multiple Choice

A budget ________.

• A) is the qualitative expression of a proposed plan of action by management
• B) is an aid for coordinating what needs to be done to execute a plan
• C) helps in identifying problems and uncertainties
• D) promotes production automation

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Definitions:

Normal Balance

The side (debit or credit) of an account that is typically increased. For assets and expenses, it's debit; for liabilities, equity, and income, it's credit.

Account

A record that keeps track of all financial transactions related to an asset, liability, equity, revenue, or expense.

Increases

The action or process of becoming larger in quantity, size, amount, or degree in a financial or numerical context.

Asset Account

An account that represents a resource owned or controlled by a business, expected to provide future economic benefits.