Which term refers to a financial plan for a specified period showing how much money is required for spending and where it will come from?

Which term refers to a financial plan for a specified period showing how much money is required for spending and where it will come from?

• A. IT
• B. The Internet
• C. Budget
• D. Risk management

Answer: (C)

A budget is a financial plan for a specific period that shows how much money is needed for spending and where it will come from. It lays out expected income and outlines how that money will be allocated across expenses, helping you manage resources and avoid overspending. For example, a monthly budget might predict earnings from work and set amounts for rent, food, transport, and savings, then track actual results against those estimates. The other terms aren’t about planning spending over time. IT refers to information technology, the tools used to handle information. The Internet is the global network that connects computers. Risk management focuses on identifying, assessing, and mitigating potential risks, not on detailing planned spending and sources of funds.

A budget is a financial plan for a specific period that shows how much money is needed for spending and where it will come from. It lays out expected income and outlines how that money will be allocated across expenses, helping you manage resources and avoid overspending. For example, a monthly budget might predict earnings from work and set amounts for rent, food, transport, and savings, then track actual results against those estimates.

The other terms aren’t about planning spending over time. IT refers to information technology, the tools used to handle information. The Internet is the global network that connects computers. Risk management focuses on identifying, assessing, and mitigating potential risks, not on detailing planned spending and sources of funds.