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What is the meaning of budget?

Answer and explanation

Correct answer: A plan of income and expenses

A budget is a planned estimate of expected income and expenditure for a specified period. It helps a business decide how available money should be allocated, monitor actual spending, and avoid unnecessary financial pressure. Hence option A is correct; uncontrolled spending is the opposite of budgeting.

Related tags

BudgetFinancial-PlanningConceptNature And Importance Of Business FinanceConcept Nature And Importance Of Business FinanceSources Of Business FinanceBusiness StudiesClass 11 Mcq

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