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A budget is used to do which of the following?

  • Question 8a of 25 - Budgeting and decision-making

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: A budget is used to do which of the following?
  • Answers:
  1. Plan income and expenses.
  2. Help get a better loan.
  3. Eliminate opportunity costs.
  4. Keep track of rising and falling prices.

The correct answer is: Plan income and expenses. A budget is a plan that keeps expenses less than income.

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