Which of the following is not an aspect of a definition of the term budgets?

A Concerned with allocation of resources and investment
B A strategic plan outlining means to utilize budget, make sales, and generate profits
C Numerical or financial expression of money to be spent by departments and for what purpose
D Information on cash-flow

Correct Answer: A strategic plan outlining means to utilize budget, make sales, and generate profits

A strategic plan outlining means to utilize budget, make sales, and generate profits is not an aspect of a definition of the term budgets. A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
Bissoy MCQ
#Management #Strategic Management

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