An estimation of revenue and expenses over a specified period of time is known as a budget. True False

YouWhich one is true ? A budget is A determines and evaluates the cost of specific products or activities in a businessB is used to determine if a product should be continued or discontinuedC compiles actual costs for a given periodD quantifies management's plans

What is the term for a budget that estimates revenues and expenditures for a longer period, usually three to five years? Annual budget Short-term budget Long-term budget Fiscal policy

A budget is:Group of answer choicesthe process relating to the longer term planning for a business.all of the options are true.a financial statement prepared for external users.a quantitative expression of an entity's future plans.

All the items of revenue and expense must be considered by management in preparing an operational budget.Select one:TrueFalse

A(n) budget is based on one predicted amount of sales or other activity measure.