A Formal Written Statement of Management's Plans for the Future

question 78

True/False

A formal written statement of management's plans for the future, expressed in financial terms, is called a budget.

---

Definitions:

Agreeable

Describes a personality trait characterized by kindness, cooperativeness, warmth, and a willingness to accommodate others.

Leadership Traits

Characteristics or qualities that are often seen in effective leaders, such as confidence, integrity, and ability to inspire.

Personal Energy

The quantity and quality of an individual's physical and mental vitality which can be invested in performing tasks or activities.

Basic Intelligence

The fundamental cognitive abilities including memory, reasoning, and problem-solving skills.