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Jan 3, 2024 · Master Budget: It is a culmination of various lower-level budgets prepared for different areas of business operations Business Operations Business operations refer to all those activities that the employees undertake within an organizational setup daily to produce goods and services for accomplishing the company's goals like profit generation. read more. It is a consolidated business plan.
Budget definition: an estimate, often itemized, of expected income and expense for a given period in the future.. See examples of BUDGET used in a sentence.
10 meanings: 1. an itemized summary of expected income and expenditure of a country, company, etc, over a specified period,.... Click for more definitions.
1 [countable, uncountable] the money that is available to a person or an organization and a plan of how it will be spent over a period of time a monthly/an annual/a family budget the education/defense budget (= the amount of money that can be spent on this) an advertising budget of $2 million a big-budget movie We decorated the house on a tight budget (= without much money to spend).
BUDGET definition: 1. a plan that shows how much money you have and how you will spend it 2. the amount of money you…. Learn more.
A budget is an estimation of future revenues and expenses, which helps to plan for future expenses or allocation of resources for a certain period. A personal budget depends on the individual’s standard of living, age, lifestyle, personal preferences, and so on. A corporate budget depends on a series of assumptions and aligns with the firm ...
A budget is a financial plan that outlines the expected income and expenses for a defined period. In business context, Budget can be a roadmap guiding resource allocation to achieve organizational goals and objectives efficiently. It also includes assumptions of future fund needs, setting spending limits, and minimizing debt.
