ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This federal law that requires employers with more than 50 employees to give twelve weeks of leave to workers for family reasons
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A government resource that provides support to families
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A budget is an estimate of income and expenses for a set period of time
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The process for getting a loan
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Detailed explanation-1: -Definition: A budget is a financial document used to project future income and expenses. To put it simply, a budget plans future saving and spending as well as planned income and expenses.
Detailed explanation-2: -A budget expresses intended expenditures along with proposals for how to meet them with resources. A budget may express a surplus, providing resources for use at a future time, or a deficit in which expenditures exceed income or other resources.
Detailed explanation-3: -A budget is an estimate of income and expenses for a set period of time. To budget means to organize your finances in such a way that you manage to save up rather than owe more money.
Detailed explanation-4: -A budget estimate is a forecast of the capital needed for the project activities or a program. A budget is the maximum amount of money an organization or an individual is willing to spend on a project. It is a more detailed and specific financial plan for the project.
Detailed explanation-5: -The profit and loss budget is a summary of expected income and expenses over a specified financial period. Businesses may wish to budget on a monthly, quarterly or annual basis.