Question : Kavya ltd. prepared budget in its Annual general meeting for the year 2016-17. What kind of plan is it?
Option 1: Single use plan
Option 2: Standing plan
Option 3: Objective plan
Option 4: None of the above
Answer (1)
15th Jan, 2024
Correct Answer: Single use plan
Solution :
A budget is a numerically expressed statement of expected results. Budget results are always measurable and, most of the time, predictable. Managers at all levels prepare budgets. The budget is a one-time use plan.
Hence, option 1 is the correct answer.
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