Q575
Budget plan in many companies is also referred as
A.
profit plan
AnswerB.
sales plan
C.
cost plan
D.
marketing plan
Answer: Option A
Solution
Answer: Option A
Solution:
Budget plan in many companies is also referred as profit plan. Profit planning is the set of actions taken to achieve a targeted profit level. These actions involve the development of an interlocking set of budgets that roll up into a master budget.