Final answer:
Budgets are a type of tactical plans that help organizations in managing their resources effectively and making informed financial decisions.
Step-by-step explanation:
Budgets are a type of tactical plans. Tactical plans are short-term plans that help in achieving specific goals and objectives. Budgets are tactical plans because they outline specific financial allocations and spending for a given period of time, usually a year. They help organizations in managing their resources effectively and making informed financial decisions.