Budgets Are Used to Plan and to Control Operations

question 146

True/False

Budgets are used to plan and to control operations.

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Definitions:

Net Benefit

The total positive effects or gains of a project or action, after subtracting the costs or negative aspects.

Benefit-Cost Ratio

A financial metric used to evaluate the efficiency of an investment, comparing the benefits received to the costs incurred.

Return On Investment

A financial ratio intended to measure the benefit obtained from an investment relative to its cost.

Program Cost

The total expenses associated with executing and maintaining a specific program.