A Budget Is a Plan for Operating a Business Expressed

question 32

True/False

A budget is a plan for operating a business expressed in financial terms.

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Definitions:

Virtual Organization

A business model that operates online, often without a traditional physical presence, relying heavily on information and communication technologies.

Temporary Venture

A project or enterprise undertaken for a limited duration, often to achieve a specific goal or address a particular need.

Special Expertise

A specific skill set or knowledge that differentiates an individual or organization in a particular area.

Systems/Contingency

A theory or approach that emphasizes the need to adapt management strategies or organizational structures based on the current environment and specific situations.