Asked by
miguelita isabela
on Nov 17, 2024
Verified
A formal written statement of management's plans for the future, expressed in financial terms, is a
A) gross profit report
B) responsibility report
C) budget
D) performance report
Formal Written Statement
A documented declaration or report that is officially prepared and presented for a specific purpose.
Management's Plans
The strategic and tactical approaches developed by an organization's management team to achieve business objectives and growth.
- Comprehend the fundamental principles and elements involved in the budgeting process.
Verified Answer
BM
Learning Objectives
- Comprehend the fundamental principles and elements involved in the budgeting process.
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