A Financial Budget That Estimates Cash Flows on a Daily

question 26

Multiple Choice

A financial budget that estimates cash flows on a daily or weekly basis to ensure that the company can meet its obligations is called a:

• A) capital expenditure budget
• B) cash budget
• C) balance sheet budget
• D) revenue budget
• E) profit budget.

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Definitions:

Family Business

A commercial organization owned and managed by members of the same family.

Sharing Values

Sharing values denotes the practice of conveying and aligning beliefs and principles among members within an organization or community.

Common Goal

A shared objective or aim that unites members of a group or team, encouraging collaborative effort.

High Failure Rate

The condition where a significant percentage of attempts or endeavors (such as projects, products, or businesses) do not meet expected success criteria within a certain timeframe.