Question

What is one difference between yearly and monthly budgets?

a. Yearly budgets show a greater degree of planning, so it is appropriate to plan expenses more strictly and in a more detailed fashion in a yearly budget.

b. Monthly budgets should focus on the short term, so it is not appropriate to consider planned but future expenses (such as a vacation) in a monthly budget.

c. Yearly budgets are a better view of your financial goals, so you should work very hard to avoid changing yearly budgets.

d. There is more uncertainty as you plan further aheadso a yearly budget needs more room to account

Answer 1

d

Step-by-step explanation:

Answer 2

d. There is more uncertainty as you plan further ahead, so a yearly budget needs more room to account for unplanned expenses than a monthly budget does.

Step-by-step explanation:

• For a monthly budget is fixed according to the month and began before the month begins and is goal-based budget and can be individual based.

• The annual budget is a plan for the company projected expenditure over the course of the year and sets the benchmark against the individual or the company and can be sued as a tool for help for better money management.