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