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Budgetsare Plans of Action Based on Forecasted Transactions,activities,and Events

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Budgetsare plans of action based on forecasted transactions,activities,and events.


Definitions:

Return on Investment

A financial metric used to measure the likelihood of gaining a return from an investment. It is the ratio of net profit to cost of investment.

Situation Analysis

The process of evaluating the current status of a company or project to identify strengths, weaknesses, opportunities, and threats (SWOT).

Stewardship Considerations

Involves responsible planning and management of resources, ensuring they are used ethically and sustainably.

Ongoing Relationship

A continuous interaction or connection between individuals or entities that evolves over time.

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