ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A ____ is an approximate calculation or judgement of the value
A
Estimate
B
Budget
C
Expenditure
D
Income
Explanation: 

Detailed explanation-1: -n. 4. an approximate judgment or calculation, as of the value, amount, time, size, or weight of something.

Detailed explanation-2: -An estimation is the act of estimating, or guessing, about the quantity, quality, or other aspect of an object or person. An approximation can be an object or person that is almost exactly like something else, but not quite, either by defect or design.

Detailed explanation-3: -An estimate is an approximate calculation of a quantity or value.

Detailed explanation-4: -Preliminary estimate. Detailed estimate. Quantity estimate. Bid estimate. Cost estimates. 08-Apr-2022

Detailed explanation-5: -(i) Preliminary or Approximate or Rough cost estimate: (ii) Plinth Area Estimate: (iii) Cubic Content Method: (iv) Approximate Quantity Method: (v) Detailed Estimate (Or Item Rate Estimate): More items •12-Jun-2020

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