The Purposes of a Budget Include

question 40

Multiple Choice

The purposes of a budget include:

• A) planning.
• B) facilitating communication and coordination.
• C) controlling profit and operations, and evaluating performance and providing incentives.
• D) All of the given answers

---

Definitions:

Break-even

The point at which total revenues equal total costs, resulting in no net loss or gain.

Sales Dollars

The total monetary value of sales transactions made within a specific period, reflecting the revenue generated from selling goods or services.

Common Fixed Expenses

Regular, unchanged expenses that a business incurs, regardless of the level of production or sales volume.

Break-even

The point at which total costs and total revenue are equal, indicating that a business makes neither a profit nor a loss.