Question

Dwayne, a manager at Bruce Enterprises, prepares a financial plan for the allocation of funds to efficiently achieve company goals. The plan also includes the estimation of expenditures for the next year. This plan is an example of a(n) _____.

Answer 1

Budget

Step-by-step explanation:

Budget is a financial estimate, that outlines a company's goal which is usually reviewed before the financial period ends . Businesses, Government, people make budget which assist them in their financial plan.

Budgets are useful because businesses are able to outline their financial plan for the coming year. It also gives room for review by comparing actual against budgeted funds.

The purpose of budgets are ; control, to coordinate, to communicate and to evaluate.

Answer 2

The correct answer is budget.

Step-by-step explanation:

The word budget refers to a plan of operations and resources in a company, which is formulated to achieve the proposed objectives within a certain period and is expressed in monetary terms.