Question

Budget refers to

• A. Planned target of performance
• B. Sum of handling future activities
• C. Systematic allocation of resources
• D. Statement of expected results expressed in numerical terms

Hint:

Budgets are essential tools for planning and controlling financial resources in any organization.

Answer 1

The Correct Option is D

Step 1: Recall the concept.
A budget is a financial plan that outlines expected revenues and expenses, typically expressed in numerical terms.
Step 2: Conclusion.
Thus, the correct answer is (d) Statement of expected results expressed in numerical terms. Final Answer: \[ \boxed{\text{Statement of expected results expressed in numerical terms}} \]