GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cash Flow Statement
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Business Plan
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Budget
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Balance Sheet
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Detailed explanation-1: -For an individual, a financial forecast is an estimate of his income and expenses over a period of time.
Detailed explanation-2: -Budget – An estimate, often itemized, of expected income and expense for a given period in the future.
Detailed explanation-3: -A budget is an approximation or plan of revenue and expenses over a defined future time frame.
Detailed explanation-4: -A spending plan (also called a budget) is simply a plan you create to help you meet expenses and spend money the way you want to spend it.
Detailed explanation-5: -Budgetary planning is the process of constructing a budget and then utilizing it to control the operations of a business. The purpose of budgetary planning is to mitigate the risk that an organization’s financial results will be worse than expected. The first step in budgetary planning is to construct a budget.