Question

In a well-designed budget your

a-expenses exceed your income
b- expenses cover your income
c- income exceeds your expenses
d- income is distributed equally

Answer 1

The correct answer is C) income exceeds your expenses.

In a well-designed budget, your income exceeds your expenses.

In simple terms, a budget is planning for future events or activities. Every business -big or small- requires the elaboration of a correct budget to project your financial scenarios to help businessmen or managers to decide how to use the resources available and control its costs. A result of a good budget is that your income must exceed your expenses. That is why you have to plan to take into consideration all the variables. If you do not have a good budget you risk to lose a lot of money.

Answer 2

In a well designed budget your income exceeds your expenses. The correct option among all the options that are given in the question is the third option or option "C". This excess income will turn into additional savings. I hope the answer comes toy your help.