14. Budgets Flashcards
1
Q
Expenditure budgets.
A
A fixed sum of money to be spend in a given time period by a business or department.
2
Q
Budget holder.
A
A person who is accountable for seeing that a budget is kept to.
3
Q
Income budget
A
The sales revenue target for a department or the whole business.
4
Q
Delighted budgets.
A
Giving some control in the setting and spending of budgets to departments or individuals.
5
Q
Profit budget.
A
The target profit for the business over time.
6
Q
Monitoring budgets.
A
Keeping a check on progress towards achieving targets during the budget period.
7
Q
Budgets
A
Financial targets for the future, covering revenue and expenditure over a period of time.
