A formal statement of future plans, usually expressed in monetary terms, is a:

A) Variance report.
B) Position statement.
C) Budget.
D) Prospectus.
E) Variance analysis.

Question

A formal statement of future plans, usually expressed in monetary terms, is a:A)  Variance report.B)  Position statement.C)  Budget.D)  Prospectus.E)  Variance analysis.

Chantelle Vallejo · Accepted Answer

Final Answer : C, Explanation :  A budget is a formal statement of future plans, expressed in monetary terms. This statement includes estimates of revenue and expenses for a specified period of time, typically a year.

A formal statement of future plans, usually expressed in monetary terms, is a:

A) Variance report.
B) Position statement.
C) Budget.
D) Prospectus.
E) Variance analysis.

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