MANAGEMENT

Detailed explanation-1: -Answer and Explanation: A E) Budget is a detailed financial plan for a specific period of time. The statement is the definition of a budget. A budget allocates the amount of expenses of an organization.

Detailed explanation-2: -An annual budget lays out a company’s projected income and expenses for a 12-month period. The process of creating an annual budget involves balancing out a business’ sources of income against its expenses.

Detailed explanation-3: -where you are today: While a budget helps you map out your key expenses and plan for the weeks and months to come, a financial plan allows you to set a course toward funding financial goals that are 5, 10, or 20 years down the road.