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Question

The short-term financial plans are known as ______.


A

Programs

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B

Budgets

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C

Policies

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D

Objectives

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Solution

The correct option is B

Budgets


Answer (b) Budgets

Explanation: A business budget is a spending plan for a business dependent on expenses and income. It distinguishes the accessible capital, gauges spending, and assists with foreseeing income. A financial plan can assist the administration with planning business activities and can go about as a measuring stick for laying out monetary objectives. It can assist with handling both momentary hindrances and long-haul planning.


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