Question

What is a financial and/or quantitative statement called which is prepared and approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective?

• A. Statement of purpose
• B. Mission statement
• C. Operational allowance
• D. Budget

Answer 1

The correct option is D Budget

Budget is a financial and/or quantitative statement called which is prepared and approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. It is a statement which states the record of receipts and payments which are to be encurred or paid for the future happenings.