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    Question

    A statement of anticipated results during a designated

    time period  expressed in financial terms – as revenue, expense and capital budgets or non-financial terms as: 
    A Budget Correct Answer Incorrect Answer
    B Balance sheet Correct Answer Incorrect Answer
    C Project Plan Correct Answer Incorrect Answer
    D Analysis report Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    A budget is a statement of anticipated results during a designated time period expressed in financial terms – as revenue, expense and capital budgets or non-financial terms – as in budgets of direct labour hours, materials, physical sales volume or units of production.

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