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A formal written statement of management's plans for the future, expressed in financial terms, is a a.budget b.gross profit report c.performance report d.responsibility report

User Robmerica
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Answer:

a.budget

Step-by-step explanation:

The budget refers to the estimation of the revenues earned and expenses incurred so that the company could able to take the decisions according to that.

It also a formal and written statement that shows the management plans for the upcoming future i.e to be expressed in a numerical term or we can say in financial terms

Hence, the correct option is a. budget

User Jimeux
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