ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The correct answer is Amount of Loan.

Detailed explanation-2: -Explanation for correct answer: Preventing net operating loss is not a part of budgeting as the budget is prepared towards finding realizable goals.

Detailed explanation-3: -And the internet is full of articles on the elements needed to create an effective budget: income, fixed expenses, variable expenses, and unplanned expenses. Those things are important, and plenty of financial experts can tell you how to incorporate them into a budget.

Detailed explanation-4: -The federal budget comprises three primary components: revenues, discretionary spending, and direct spending.

Detailed explanation-5: -The master budget ends with a complete set of budget financial statements, including a budgeted income statement. This is another component of the budgeted financial statements. This is the correct alternative because the master budget does not include a Statement of return on investment.