ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -An expenditure budget helps businesses track purchases and limit operating costs to the lowest possible amount. Through careful planning and analysis, managers can coordinate expenditures with tax strategies and cash flows.
Detailed explanation-2: -Definition: Expenditure Budget shows the revenue and capital disbursements of various ministries/departments and presents the estimates in respect of each under ‘Plan’ and ‘Non-Plan’. Description: It gives a detailed analysis of various types of expenditure and broad reasons for the variations in estimates.
Detailed explanation-3: -A budget is a plan for managing income and expenses over a set time frame. There are different types of budgets you can use to manage your money. Budgets can help you track spending and live within your means. When making a budget, choose a budgeting method or system that works best for you.