Answered

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Which statement best defines a financial plan?

A. An exact accounting of expenses and income a business incurs
B. A projection of expenses and revenue a business will incur
C. A measurement of the difference between income and expenses

Sagot :

GinnyAnswer

Final answer:

A financial plan is a projection of expenses and revenue a business will incur to guide decision-making and ensure financial stability.


Explanation:

A financial plan is a projection of expenses and revenue a business will incur. It includes estimations of future financial activities to guide decision-making and ensure financial stability. Financial plans help businesses set goals, allocate resources, and track progress towards financial objectives.


Learn more about Financial Planning here:

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