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: -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-2: -Master budget. A master budget is an aggregation of lower-level budgets created by the different functional areas in an organization. Operating budget. Cash budget. Financial budget. Labor budget. Static budget. Estimated revenue. Fixed cost. More items
Detailed explanation-3: -Balanced Budget. A budget is deemed a balanced one if the expected government expenses equal the estimated government receipts during a given financial year. Surplus Budget. The second of the three types of budgets are the surplus budget. Deficit Budget. 31-Jan-2023