Which Best Describes the Main Purpose of a Budget

Which of the following statements best describes. In managing a business responsibly expenditure must be tightly controlled.

Answers To Multi Choice Session 2 Product Process Layout Design

A flexible budget is a budget that adjusts or flexes with changes in volume or activity.

. Correct answer to the question Which of the following best describes the main purpose of a budget. An estimate often itemized of expected income and expense for a given period in the future. Helping the President carry out his or her duties as chief executive b.

Which is referred to as utility. The budget serves the purpose of communicating the common goal of the organization. Which best describes the purpose of advertising.

To plan income and expenses. A budget is a mechanism to plan for the firms operations and resources. When the budget for advertising has been fully expended the decision on can we spend money on.

Identify the purpose content and conditions requiring submission of the P-5 budget exhibit Provide detailed cost analysis for each P-1 line item excluding Advance Procurement modification programs and aggregated line items Provide budget justification for a particular Procurement-funded. A budget is an estimate of revenue and expenses for a given future period of time that is usually. Provide narrative justification and total procurement costs for each individual end item in an aggregated P-1 line item.

Budget A budget is a financial plan for a specific time period usually one year. Vultures are high flying birds with the Ruppells Vulture being the worlds highest flyer with a record of 37000 feet. They remain unchanged from the amounts established at the time that the static budget was prepared and approved.

Aiding the Vice President in the preparation of the budget. The purpose of budgeting is to provide a financial framework for the decision making process ie. A budget should qualify the revenues to be realised from productsservices and the expenses to be incurred on goods or services used in generating revenues.

A budget can help you purchase anything you want. Which is a budget used for. Outline the project scope and objectives.

It could also include anticipated sales volumes and revenues resource quantities costs and expenses assets. The total sum of money set aside or needed for a purpose. Helping get a better loan.

Ensure project sponsors and all stakeholders are in alignment on a project. A budget can help you decide the importance of your expenses. Assisting the President in his or her dealings with Congress c.

To get a good credit rating. Plan income and expenses. Keeping the President in touch with the Cabinet d.

To eliminate flexible expenses. Save for large purchases in the future. If the units do not have a common goal in place there results would be absurd.

Which of the following statements best describes qualitative research. To reduce discretionary spending. Which of the following best summarizes the MAIN purpose of the Executive Office of the President.

Best describes the purpose of the P-40a budget exhibit. Vultures can fly for a very long time without becoming tired as they glide on the thermal updrafts which gives them a free lift. 5 Which one of the following best describes the purpose of the P-5 budget exhibit.

The flexible budget is more sophisticated and useful than a static budget. To anticipate the firms future financial condition and future need for funds to be employed in. The budget is a formal estimate it contains figures to explain the situation.

It also covers the resources of the firm. A budget can help you make plans to reach your financial goals. It is clear well defined and usually has structured questions in a questionnaire.

An effective project charter may do the following. Help project sponsors get approval of stakeholders when buy-in is still needed. Which best explains the purpose of long-term planning.

Short-term planning takes care of regular expenses in the near future while long-term planning involves saving for large purchases further in the future. Plan income and expenses. To prognosticate the firms future sales production cost and other expenses in order to earn desired amount of.

Planning income and expenses. The main purpose of branding products is to create relatively inelastic demand for the product. The project charter WBS and project scope statement The schedule management plans and budget A formal approved document used to control the project The project managers plan for managing and controlling the work The engineering department wants the project objective to.

To accomplish this purpose a budget aims at attaining the following objectives. Which of the following best describes the main purpose of a budget. Vultures can fly at speeds of 48 kilometres per hour 30 miles per hour.

A plan of operations based on such an estimate. It uses an objectively selected sample to permit generalization of findings. A budget can help you keep track of your money.

The static budget amounts do not change. What best describes the purpose of the emancipation proclamation. Which best describes the main purpose of a budget.

Which of the following best describes a project management plan. What best describes. Is the proposed course action something we have planned for or not.

It also provides a quantifiable goal to the employees for production targets sales targets. An itemized allotment of funds time etc for a given period. Which best describes the main purpose of a budget.

Which best states the main difference between a monopoly and monopolistic competition. Project charters can vary depending. Terms in this set 10 Which term best characterizes cost-benefit analysis.

Be a clear single reference for all involved in a project.

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